Explore top-tier Class A office space at One West Fourth Street, strategically situated in the vibrant heart of Downtown Winston-Salem. This 13-story, ±439,000 RSF general office building boasts a range of contiguous suites, accommodating from ±1,155 RSF to expansive options of up to ±64,100 RSF. Revel in the enhanced common areas, well-manicured grounds, and the convenience of on-site amenities, such as the lobby-level restaurant (The Downtown Deli), a fitness center, attached parking garage, and round-the-clock security. Secure your ideal workspace with suites starting at ±1,155 RSF, including recently upgraded options featuring ready-to-use furniture. Discover unparalleled office excellence at this prestigious location.
Category: Commercial
May 22, 2023
The Loewy Building
Commercial Realty Advisors is pleased to offer the opportunity to purchase the historic Loewy Building, located in the heart of downtown Winston-Salem, North Carolina.
This unique architectural gem was originally commissioned by Kate B. Reynolds in 1921. She hired local architects Northup and O’Brien to design two buildings that would encompass the full block. The original tenants were Morris-Early Furniture and Sosnik’s Department Store. In the late 1940’s Sosnik’s merged with Thalhimer’s and they commissioned the famed New York Design Firm of Raymond F. Loewy Associates to remodel the store.
Raymond Loewy Associates’ interior design for the Winston-Salem Thalhimer’s was featured in Interior Design magazine in September, 1950. The article observed: “that many department stores tend to emphasize in their design and arrangement the aims and character of the community they serve. The Sosnik-Thalhimer Department Store, a high quality women’s shop in Winston-Salem, is such a store, combining gracefully all the aforementioned qualities yet representing a new departure in store design. Its services are addressed to the more affluent customers in this rich tobacco country… Style was another important consideration, and in deciding upon the elimination of the stark, cold
phases of modern and concentrating upon a scheme of Louis XV and mellow eighteenth-century Italian, combined with the more pleasing and friendly phases of modern, a style was evoked that has won acclaim from the clients and their customers alike.”
OFFERING SUMMARY
The iconic Winston-Salem property sits on ±.97 acres with approximately ±80,000 SF and 65 Surface Parking Spots. The property presents a great opportunity for redevelopment as a boutique hotel, condominium or apartment building, or office building with retail and amenity space on the ground level. The property’s Historic Designation and its location in an Opportunity Zone offers potential economic subsidies and incentives to improve the overall feasibility of the redevelopment project. A truly iconic presence in Winston-Salem, The Loewy Building, is one of the landmark
properties of Downtown Winston-Salem.
OFFERING HIGHLIGHTS
- Iconic historic property that qualifies for Historic Tax Credits and is located in an Opportunity Zone
- Property size and layout are well suited for multi-family, hotel, and office development
- Well located in the center of Winston-Salem’s vibrant downtown
April 15, 2024
Universal Industrial Park Outdoor Storage Lot
Universal Industrial Park is a five building industrial campus situated on ±41.06 acres. The property offers fenced storage, an integrated security system, proximity to I-85 and I-74, as well as rail access. Includes a fenced lot of approximately ±1.7 acres.
April 15, 2024
Universal Industrial Park
Universal Industrial Park is a five building industrial campus situated on ±41.06 acres. 2325 East Martin Luther King Jr. Drive is a ±70,000 SF Warehouse space minutes from the Furniture Market.
March 5, 2024
Friendship-Ledford Road Warehouse
Excellent lease opportunity on a small warehouse in southeast Winston-Salem. This 9,000 SF clear span warehouse has 2 – 10’x10’ roll up doors with a large covered loading platform. In addition to the warehouse, there is an attached shed and compressor room, not counted in the square footage.
March 4, 2024
Clemmonsville Rd Commercial Retail
Introducing a prime income-producing opportunity at 470-480 W Clemmonsville Rd. This strategically positioned commercial building features three units, and generates an impressive annual income of $24,306. Situated along the bustling Clemmonsville Rd with a traffic count of 19,500 AADT, this property guarantees visibility and accessibility. Enhanced by convenient public transportation with a nearby bus route, the location caters to a diverse audience. The surrounding area boasts proximity to schools, churches, daycares, little league fields, and retail shopping, making it an ideal investment for those seeking a commercial space at the heart of a vibrant community.
February 29, 2024
Shelby Walgreens
Excellent opportunity to sublease a former Walgreens location in Shelby, NC. Located on the corner of E. Marion St (BUS 74) and Peach St, this ±14,673 SF building sits on ±1.52 acres and is a great opportunity for a high visibility business. Approximately 45 miles West of Charlotte.
February 28, 2024
Waxhaw Walgreens
Excellent opportunity to sublease a former Walgreens location in the Charlotte suburb of Waxhaw, NC. Located on the corner of Cuthbertson Rd. and Providence Rd. S this ±14,820 SF building sits on ±1.78 acres and is a great opportunity for a high visibility business.
February 28, 2024
Athens Walgreens
Excellent opportunity to sublease a former Walgreens location in Athens, GA. Located on the corner of Lexington Rd. and Gaines School Rd., this ±14,550 SF building sits on ±1.48 acres and is a great opportunity for a high visibility business. Approximately 3.5 miles from the University of Georgia campus.
March 6, 2024
Hicone Road Development Site
Great opportunity to acquire ±5.07 Acres of this development site in growing northeast Greensboro. This land is adjacent to Hwy-29, located just off exit 136. It’s just one mile north of I-840 (Greensboro Urban Loop).