For Sale
$750,000

1133 Old Holw Rd Winston-Salem, NC 27105

Turnkey Restaurant, High Sales

Overview

Added:
Dec 11, 2024
Days on market:
137
This established Winston-Salem diner, situated on a 0.78-acre lot at 1133 Old Hollow Rd (zip code 27105), presents a unique investment opportunity. The 3,653 square foot, single-story building, constructed in 1953, operates as a successful restaurant and convenience store, boasting high sales and net profit. Located just 11 minutes from Wake Forest University and minutes from the recently completed Winston-Salem Beltway extension, this property benefits from excellent visibility and accessibility. The property is zoned HB and offers potential for expansion, with the possibility of acquiring additional adjacent parcels. The area is experiencing significant residential growth, with a 250-acre residential development planned just five minutes away, and a 75-lot subdivision seven minutes from the property. The high daily vehicle count of 7,600 further underscores the location's strong potential. While the building requires renovation, it remains fully operational. This turnkey operation offers a rare chance to acquire a profitable business with significant upside in a rapidly developing area. The asking price is $750,000.

Highlights

  • Freestanding building requiring renovation, currently operational.
  • Adjacent parcels available for purchase.
  • Minimal competition for a restaurant or diner.
  • Conveniently located 11 minutes north of Wake Forest University.
  • High visibility, with 7,600 vehicles passing daily (VPD).
  • Prime location to benefit from the Winston-Salem Northern Beltway expansion.

Property Details for 1133 Old Holw Rd

Property type
Retail properties, Restaurants
Square Feet
3,653 SF
Year Built
1953
Buildings
1
Stories
1
Lot Size (sq. ft)
33,977 SF
Units
1

Location Insight

City
Winston-Salem
County
Forsyth
State
North Carolina
Latitude
36.191300541376
Longitude
-80.232711626387

FAQs

What type of property is this?
Retail property - Turnkey Restaurant, High Sales
Where is the retail property located?
The property is located at 1133 Old Holw Rd Winston-Salem, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Freestanding building requiring renovation, currently operational.; Adjacent parcels available for purchase.; Minimal competition for a restaurant or diner.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1133 Old Holw Rd
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