1023 Chestnut StWinston-Salem, NC 27101

Property Details for 1023 Chestnut St

Year built

1974

Construction

BRICK

Lot size

0.75 AC

Property size (Sq ft)

5,140 SF

Zone code

E-L

Property type

Office properties

APN

6836-20-8321.00

APU

683620832100

Description

This exceptional 5,000-square-foot office space, located at 1023 N. Chestnut Street in Winston-Salem's Industry Hill district, presents a unique leasing opportunity. The single-tenant building, constructed in 1974, offers a versatile layout currently configured as traditional office space but easily adaptable to flex use. The property features a convenient single-story design, providing efficient and accessible workspace. Ample surface parking is available, enhanced by a secure fenced and gated perimeter. The location offers excellent accessibility, situated just 0.6 miles from Highway 52, ensuring convenient commutes and efficient logistics. This property is identified by APN 6836-20-8321 within Forsyth County. For qualified tenants with suitable lease terms, a tenant improvement allowance of $30 per square foot is available, providing an opportunity to customize the space to meet specific business needs. This presents a compelling chance to secure a well-located, adaptable workspace in a thriving area of Winston-Salem. The property is a single building on a single story.

• CAP approach

  CAP return

  Valuation

  6%

  $563,918

  6.5%

  $520,540

  7%

  $483,359

• Comparable approach

  Method

  Valuation

  Relative Method

  $652,435

  Geo Method

  $870,408

• Alternative Use

  Use

  Valuation

  Residential

  $645,470

  Hospitality

  $591,247

  Educational

  $491,910

  Medical

  $508,828

  Retail

  $765,194

Location Insight

City

Winston Salem

County

Forsyth

State

North Carolina

Latitude

36.1075

Longitude

-80.2431

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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