For Sale
$3,785,000

1664 Martin Luther King DrWinston-Salem, NC 27107

80,000 SF Warehouse, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 80,000-square-foot warehouse in Winston-Salem, North Carolina, presents a compelling value-add investment opportunity. Located on an expansive 8-acre lot (APN: 6834-88-9947) at 1664 Martin Luther King Dr (27107), this property boasts four loading docks and one large drive-in ramp, offering significant flexibility for various industrial uses. Currently undergoing renovation to a cold, dark shell, the landlord is open to customizing the interior to meet tenant specifications, including the potential for additional docks or drive-in ramps. The property features approximately 5 acres of paved lot, ideal for heavy-duty storage or parking. Its strategic location offers convenient access to Interstate 285, providing quick access to major highways and the entire state. A five-minute drive from downtown Winston-Salem and a three-minute drive from the Innovation Quarter, this property benefits from a diverse labor pool and proximity to amenities. Heavy industrial zoning allows for a wide range of potential uses. The anticipated occupancy date is October 22, 2024. The asking price is $3,785,000. The roof will be repaired by the landlord.

Highlights

  • Prime location near I-285, providing easy access to major highways and statewide connectivity.
  • Five-minute drive to downtown Winston-Salem.
  • Currently undergoing renovation to a cold dark shell; landlord will customize to tenant needs.
  • Heavy industrial zoning allows for diverse uses.
  • Landlord investing in tenant improvements to meet specific requirements.
  • 8-acre lot with 5 acres of paved area for ample storage or parking.

Property Details for 1664 Martin Luther King Dr

Property type
Warehouses, Industrial properties
Square Feet
80,000 SF
Lot Size (sq. ft)
348,480 SF

Location Insight

City
Winston-Salem
County
Forsyth
State
North Carolina
Latitude
36.0762615
Longitude
-80.2212388
1664 Martin Luther King Dr, Winston-Salem, North Carolina

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1664 Martin Luther King Dr
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