850 & 890 Chatham Rd
Winston-Salem, NC 27101 Crystal Towers-East

$1,950,000 USD

Office Residential For Sale • 57,190 SF

Property Details

Property Type Office Residential
Total Building Size 57,190 SF
Lot Size 1.02 AC
Building Class C
Year Built 1952
Tenancy Single
Zoning GB-S

0 Transit Score

50 Walk Score

                
                    Highlights
                
                                Redevelopment-ready property with entitlements fully complete, minimizing upfront development risk.
                            
                                Two-building site totaling 57,190 square feet on 1.02 acres, allowing flexibility for adaptive reuse concepts.
                            
                                New roof installed in 2023, reducing near-term capital expenditures for future redevelopment.
                            
                                Property is listed on the historic registry and qualifies for mill rehabilitation, historic tax credits, and brownfield tax incentives.
                            
                                Located within an Opportunity Zone, providing potential tax advantages that can enhance project returns.
                            
                                Proximity to downtown Winston-Salem, Wake Forest University, West End Historic District, and public transit improves connectivity and future demand.