1243 N. Patterson Avenue

Retail-Commercial for Sale
Catylist Listing ID: 30139257
Building Size (RSF): 13,660 SF
Gross Land Area: 0.61 Acres
Sale Price: $635,000
Unit Price: $46.49 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: 9.8%
Last Updated: 1/9/2018

Overview / Comments

Take advantage of this net-leased investment property for sale in Winston-Salem, NC. 1243 N. Patterson Avenue was recently renovated and is located at a signalized intersection north of the rapidly expanding downtown area of Winston-Salem. This property is highly visible and easily accessible from both downtown and US-52 as it is located less than a half a mile from Exit 110D. The 13,100 sf +/- building houses two tenants, a gym and a dance studio, and each tenant is under lease until mid 2020. Please contact agent for additional lease terms and further information. Recent price reduction, now 10.50% Cap Rate on current NOI.

Attachments & Media

Additional Details

Nearest MSA: Winston-Salem
County: Forsyth
Tax ID/APN: 6836-31-3319.00
Zoning: GB-S
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1928

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,534 81,042 170,548
Median Age: 35.53 34.15 35.38
Households: 6,462 31,104 68,240


Photograph of Listing Agent

Dan Hill

Daniel Hill
NCCIE Member
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