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7% Cap Retail | Winston-Salem 633 N Liberty St 42,234 SF Retail Building Winston-Salem, NC 27101 $11,000,000 ($260.45/SF) 7% Cap Rate
Investment Highlights
- 7% Cap Rate Investment with Seller Lease-Back at Closing
- Prime Downtown Winston-Salem Location
- 42,234 SF Commercial Building on ±0.52 Acres
Executive Summary
Located in the heart of downtown Winston-Salem, 633 N Liberty Street offers a compelling 7% cap rate investment with a seller lease-back structure, providing immediate and stabilized income at closing. The seller will remain in the building as a tenant, creating a secure cash-flow opportunity for investors seeking predictable returns.
The property consists of 42,234 SF situated on ±0.52 acres and features three stories of fully remodeled, flexible commercial space. The building has been extensively upgraded and is well-suited for a variety of uses, offering long-term adaptability for future repositioning or owner-occupancy upon lease expiration.
Strategically located just blocks from the Wake Forest Innovation Quarter, the property benefits from strong visibility, walkability, and proximity to downtown Winston-Salem’s growing mix of retail, dining, and employment centers. Surrounded by ongoing redevelopment, this asset presents a rare opportunity to acquire a stabilized income property with upside potential in a rapidly evolving urban core.
The property consists of 42,234 SF situated on ±0.52 acres and features three stories of fully remodeled, flexible commercial space. The building has been extensively upgraded and is well-suited for a variety of uses, offering long-term adaptability for future repositioning or owner-occupancy upon lease expiration.
Strategically located just blocks from the Wake Forest Innovation Quarter, the property benefits from strong visibility, walkability, and proximity to downtown Winston-Salem’s growing mix of retail, dining, and employment centers. Surrounded by ongoing redevelopment, this asset presents a rare opportunity to acquire a stabilized income property with upside potential in a rapidly evolving urban core.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Building Size
42,234 SF
Year Built/Renovated
1926/2021
Price
$11,000,000
Price Per SF
$260.45
Cap Rate
7%
NOI
$770,000
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)
Nearby Major Retailers
Property Taxes
| Parcel Number | 6835-28-2505 | Improvements Assessment | $9,365,400 |
| Land Assessment | $356,800 | Total Assessment | $9,722,200 |
Property Taxes
Parcel Number
6835-28-2505
Land Assessment
$356,800
Improvements Assessment
$9,365,400
Total Assessment
$9,722,200
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7% Cap Retail | Winston-Salem | 633 N Liberty St
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