$549,000

334 Waughtown St

Winston Salem NC, 27127

Description

Coldwell Banker Commercial Advantage and Scotty Beal are pleased to present this retail investment for sale at 334-338 Waughtown Street in Winston-Salem, North Carolina. This former furniture factory was built in 1925 and fully renovated in 2003, when 11 retail suites were created in the property. The roofs were replaced within the last ten years, and ample off-street parking is available. This is a tremendous value add opportunity with below market rents and long term tenants in place.  Also in an Opportunity Zone. Boasting a CAP rate of just over 10%, this is a must see opportunity.

Details

MLS#3077102
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusUnderContract
Year1925
Days On Site220

Features

SQ Feet9,945
Units11
Building(s)1
ZoningHB
Acreage0.39

Market Activity 27127

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Area Information
StateNC
CityWinston Salem
Zip Code27127
Listing VS Median (in 27127)
Price:
$549,000
low | high
Med:
$160,990
100% of Average
SqFt:
9,945
low | high
Med:
1,593
100% of Average
$ / SqFt:
$55
low | high
Med:
$101
33.069319666986% of Average
On Site:
220
low | high
Med:
94
100% of Average
Listing Updated: 07/11/2020
Scotty Beal LogoMLS Number: 3077102
Listing Provided By:
Scotty Beal  of  Coldwell Banker Advantage Triad
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