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Investment Highlights

  • 42,234 SF Commercial Building on ±0.52 Acres
  • Prime Downtown Winston-Salem Location

Executive Summary

Retail Investment | Downtown Winston-Salem
Located in the heart of downtown Winston-Salem, 633 N Liberty Street presents a unique investment opportunity with seller lease-back structure, offering immediate income while maintaining flexibility for a variety of deal structures. The current ownership is open to remaining in place as a tenant, creating an opportunity for investors to establish day-one cash flow. At the same time, terms are flexible, allowing a buyer to negotiate lease structure, occupancy, or future repositioning based on their investment strategy.
The property consists of ±42,234 square feet on ±0.52 acres and features three stories of renovated commercial space. Recent upgrades have enhanced the building while preserving versatility, supporting a range of uses including retail, office, or future multi-tenant conversion. Positioned just blocks from the Wake Forest Innovation Quarter, the property benefits from strong visibility, walkability, and proximity to Winston-Salem’s growing mix of retail, dining, residential, and employment hubs.
Surrounded by continued redevelopment and investment, 633 N Liberty Street offers a rare opportunity to acquire a well-located asset with flexible deal structure, potential in-place income, and long-term upside in one of Winston-Salem’s most active growth corridors.

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Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
42,234 SF
Year Built/Renovated
1926/2021
Price
$11,000,000
Price Per SF
$260.45
Tenancy
Single
Building Height
3 Stories
Building FAR
1.86
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
CB (Central Business) - Mix of office, retail, service, and institutional uses in a pedestrian-oriented setting.

Amenities

  • 24 Hour Access
  • Corner Lot
  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning
  • Balcony
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

F45 Training, Inc.
Wildfire LLC
Famous Toastery
Top Tier Crossfit
Truist
Cyclebar
First Horizon Bank
Compare Foods
Huntington National Bank
Pinnacle Bank

Property Taxes

Property Taxes

Parcel Number
6835-28-2505
Land Assessment
$356,800
Improvements Assessment
$9,365,400
Total Assessment
$9,722,200
  • Listing ID: 39225096

  • Date on Market: 1/27/2026

  • Last Updated:

  • Address: 633 N Liberty St, Winston-Salem, NC 27101

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