324 Spring StWinston-Salem, NC 27101

Property Details for 324 Spring St

Year built

1986

Construction

FRAME

Lot size

0.19 AC

Property size (Sq ft)

1,500 SF

Zone code

HB

Property type

Office properties

APN

6825-96-8650.00

APU

682596865000

Description

This exceptional 1,500 square foot executive office condo, located at 324 N Spring St in Winston-Salem, NC, presents a unique opportunity. Situated on a prominent corner lot (0.19 acres) at the intersection of 4th and Spring Streets, this single-tenant space offers unparalleled visibility and accessibility. Built in 1986, the four-story building provides ample natural light within the spacious office layout. The suite boasts flexible floor plans, including a break room, multiple windowed offices, restrooms, and a reception area, making it ideal for a variety of professional uses. The property is zoned for office, retail, and potentially live/work arrangements, offering versatility for diverse business needs. Four parking spaces are available on-site, along with excellent signage opportunities to enhance brand visibility. The property features a total building size of 1,500 square feet, with the entire space currently vacant. The Forsyth County property (APN: 6825-96-8643) offers a convenient location with easy access to major thoroughfares and amenities. No elevators are present in the building. This is a rare opportunity to secure a high-profile commercial space in a thriving urban setting.

• CAP approach

  CAP return

  Valuation

  6%

  $164,568

  6.5%

  $151,909

  7%

  $141,058

• Comparable approach

  Method

  Valuation

  Relative Method

  $190,399

  Geo Method

  $254,010

• Alternative Use

  Use

  Valuation

  Residential

  $188,367

  Hospitality

  $172,543

  Educational

  $143,554

  Medical

  $148,491

  Retail

  $223,306

Location Insight

City

Winston Salem

County

Forsyth

State

North Carolina

Latitude

36.0972

Longitude

-80.2529

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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