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 |
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| Listing Type | For Sale |
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| Style | Industrial |
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| Sub-Type | Resale |
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| Status | UnderContract |
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| Year | 1925 |
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| Days On Site | 220 |
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Features
| Units | 11 |
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| Building(s) | 1 |
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| Zoning | HB |
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| Acreage | 0.39 |
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| Date | Sales | Avg $ Per SqFt | Min Sale Price | Max Sale Price | Med Sale Price |
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| Date: Aug 2020 | Sales: 17 | Avg $ Per SqFt: $114.16 | Min Sale Price: $99,900 | Max Sale Price: $285,000 | Med Sale Price: $185,000 |
| Date: Jul 2020 | Sales: 45 | Avg $ Per SqFt: $109.66 | Min Sale Price: $22,000 | Max Sale Price: $375,000 | Med Sale Price: $180,000 |
| Date: Jun 2020 | Sales: 37 | Avg $ Per SqFt: $103 | Min Sale Price: $52,200 | Max Sale Price: $465,000 | Med Sale Price: $160,500 |
| Date: May 2020 | Sales: 49 | Avg $ Per SqFt: $104.13 | Min Sale Price: $85,000 | Max Sale Price: $419,000 | Med Sale Price: $175,000 |
| Date: Apr 2020 | Sales: 41 | Avg $ Per SqFt: $105.42 | Min Sale Price: $81,000 | Max Sale Price: $575,000 | Med Sale Price: $167,900 |
| Date: Mar 2020 | Sales: 61 | Avg $ Per SqFt: $99.1 | Min Sale Price: $70,000 | Max Sale Price: $360,000 | Med Sale Price: $165,000 |
| Date: Feb 2020 | Sales: 53 | Avg $ Per SqFt: $103.13 | Min Sale Price: $72,000 | Max Sale Price: $940,000 | Med Sale Price: $165,000 |
| Date: Jan 2020 | Sales: 55 | Avg $ Per SqFt: $90.95 | Min Sale Price: $54,900 | Max Sale Price: $292,000 | Med Sale Price: $147,400 |
| Date: Dec 2019 | Sales: 33 | Avg $ Per SqFt: $92.71 | Min Sale Price: $22,500 | Max Sale Price: $424,900 | Med Sale Price: $143,500 |
| Date: Nov 2019 | Sales: 45 | Avg $ Per SqFt: $98.45 | Min Sale Price: $58,000 | Max Sale Price: $446,000 | Med Sale Price: $147,200 |
| Date: Oct 2019 | Sales: 67 | Avg $ Per SqFt: $94.21 | Min Sale Price: $25,000 | Max Sale Price: $425,000 | Med Sale Price: $153,000 |
| Date: Sep 2019 | Sales: 68 | Avg $ Per SqFt: $91.16 | Min Sale Price: $51,000 | Max Sale Price: $297,414 | Med Sale Price: $155,225 |
| Aug 2020 |
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| Sales: | 17 |
| Avg $ Per SqFt: | $114.16 |
| Min Sale Price: | $99,900 |
| Max Sale Price: | $285,000 |
| Med Sale Price: | $185,000 |
| Jul 2020 |
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| Sales: | 45 |
| Avg $ Per SqFt: | $109.66 |
| Min Sale Price: | $22,000 |
| Max Sale Price: | $375,000 |
| Med Sale Price: | $180,000 |
| Jun 2020 |
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| Sales: | 37 |
| Avg $ Per SqFt: | $103 |
| Min Sale Price: | $52,200 |
| Max Sale Price: | $465,000 |
| Med Sale Price: | $160,500 |
| May 2020 |
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| Sales: | 49 |
| Avg $ Per SqFt: | $104.13 |
| Min Sale Price: | $85,000 |
| Max Sale Price: | $419,000 |
| Med Sale Price: | $175,000 |
| Apr 2020 |
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| Sales: | 41 |
| Avg $ Per SqFt: | $105.42 |
| Min Sale Price: | $81,000 |
| Max Sale Price: | $575,000 |
| Med Sale Price: | $167,900 |
| Mar 2020 |
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| Sales: | 61 |
| Avg $ Per SqFt: | $99.1 |
| Min Sale Price: | $70,000 |
| Max Sale Price: | $360,000 |
| Med Sale Price: | $165,000 |
| Feb 2020 |
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| Sales: | 53 |
| Avg $ Per SqFt: | $103.13 |
| Min Sale Price: | $72,000 |
| Max Sale Price: | $940,000 |
| Med Sale Price: | $165,000 |
| Jan 2020 |
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| Sales: | 55 |
| Avg $ Per SqFt: | $90.95 |
| Min Sale Price: | $54,900 |
| Max Sale Price: | $292,000 |
| Med Sale Price: | $147,400 |
| Dec 2019 |
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| Sales: | 33 |
| Avg $ Per SqFt: | $92.71 |
| Min Sale Price: | $22,500 |
| Max Sale Price: | $424,900 |
| Med Sale Price: | $143,500 |
| Nov 2019 |
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| Sales: | 45 |
| Avg $ Per SqFt: | $98.45 |
| Min Sale Price: | $58,000 |
| Max Sale Price: | $446,000 |
| Med Sale Price: | $147,200 |
| Oct 2019 |
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| Sales: | 67 |
| Avg $ Per SqFt: | $94.21 |
| Min Sale Price: | $25,000 |
| Max Sale Price: | $425,000 |
| Med Sale Price: | $153,000 |
| Sep 2019 |
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| Sales: | 68 |
| Avg $ Per SqFt: | $91.16 |
| Min Sale Price: | $51,000 |
| Max Sale Price: | $297,414 |
| Med Sale Price: | $155,225 |
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MLS Number: 3077102