This 3-unit commercial property is an exciting investment opportunity! Two leases extend into 2027 and one into 2029. Tenants comprise of a restaurant, church, and hair salon. The restaurant equipment conveys with the property. This location is conveniently located by U.S. 52 and just minutes from Downtown Winston-Salem. The Long Branch Greenway Trail extension from the Innovation Quarter has been funded. The project will bring bike and pedestrian traffic near the property and is a targeted redevelopment effort on behalf of the city and state. This allows buyers to be on the front-end of the redevelopment efforts. Please Contact the Listing Agent to schedule a time to visit the property. Tenants are operating active businesses and organizations on the property.
16.18 ACRE TRACT with 14.057 acres +- Zoned R-40. 2.123 acres fronting on Germanton Road was rezoned LB-S in December, 2023 specifically for a 10,700 sq. ft. Dollar General Store that did not come to fruition. According to Winston-Salem's Zoning Dept. a development plan with a building size and location very close to the original approved plan can just about pick up where the previous developer left off. A site plan and development plan that is different but doesn't vary TOO much from the approved plan may still be able to be approved at staff level. Anything drastically different may require starting from scratch. There is a house and a mobile home on the property. House and an area to raise chickens is rented to a man, his daughter lives in the mobile home. All rented for $1,075 a month on a month to month agreement. Mobile home belongs to the renters.
Are you looking for a unique property with endless potential? This historic church in Winston-Salem might just be that. Located in a quiet established neighborhood with on .66 acres and an ample parking space. The property requires renovations, with some TLC, it can be transformed into a stunning space for worship, community events, or even a unique residence! Conveniently located in the heart of Winston-Salem, close to schools, shops and public transport. Don't miss out on this rare opportunity to own a piece of history with so much potential!
The median home value in Winston Salem, NC is $229,400. This is lower than the county median home value of $247,500. The national median home value is $338,100. The average price of homes sold in Winston Salem, NC is $229,400. Approximately 47.66% of Winston Salem homes are owned, compared to 40.28% rented, while 12.06% are vacant. Winston Salem real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Winston Salem real estate agent to arrange a tour today!
Winston Salem 27105 is less family-centric than the surrounding county with 26.91% of the households containing married families with children. The county average for households married with children is 27.25%.