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790 NE 21st Street

790 NE 21st Street
Winston Salem, NC 27105

Two industrial buildings located on the northside of Downtown Winston-Salem totaling ±75,378 SF. The owner has stabilized the property with investments into new roofs (2020), LED lighting conversion, removal of old equipment etc. The property has been 87% leased and generates $14,975 per month in rental income with many expenses paid by tenants. The property is located in close proximity to other major industrial users such as PET Dairy, Smith Phillips Building Supply, Parish Tire, Krispy Kreme mix and other distribution facilities. Current CAP rate at listing price 9.04%. With 13% vacancy the property has upside potential.

  • Property Details
    Building SF ± 75,378
    Year Built 1920
    Floors 1
    Roof Membrane
    Ceiling Height ± 17'-20'
    Drive-ins ± 2
  • Utilities
    Electrical Duke Energy
    Water Municipal
    Sewer Municipal
    Heat N/A
    Gas Piedmont
  • Taxes
    Zoning LI (Light Industrial)
  • Pricing & Terms
    Price $1,795,000.00
    Price/SF $23.81
• Located just north of Winston Salem’s CBD core • Notable nearby tenants include PET Dairy, Krispy Kreme Mix and Distribution Plants, Parrish Fleet Services, and Smith Phillips Building Supplies all located within 0.25 miles from the property • Property has 604’ of frontage along an active railroad line • Convenient access to Hwy-52 and Downtown Winston Salem.
Brad Klosterman, CCIM, AICP - Photo

Brad Klosterman, CCIM, AICP

336.793.0890, ext 106