Category: Retail

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
Return to Latest News
Read More
April 30, 2024

7-Bay Self-Service Car Wash

Presenting an exceptional and profitable opportunity on the northside of Winston-Salem, NC. This 7-Bay Self-Service car wash at 4993 University Parkway boasts six self service car wash bays with the flexibility to expand profits with a seventh bay (self or tunnel), catering to the growing demand for automotive care services. Strategically positioned with curb cuts along two sides and six turning movements into and out of the property, accessibility is unparalleled, ensuring a steady flow of customers. Owner reports little to no financial impact as a result of new tunnel washes built nearby and within the last couple years. With University Parkway witnessing over 28,000 AADT and being situated adjacent to prominent establishments such as Walmart Neighborhood Market, TrueBuy Automotive, and State Employees Credit Union this business has maximum exposure and accessibility. The sale price includes all fixtures, equipment, and supplies, making this a turnkey opportunity to capitalize on a thriving industry. Don’t miss out on securing your place in this lucrative market.

Return to Latest News
Read More
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.

Return to Latest News
Read More
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.

Return to Latest News
Read More
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.

Return to Latest News
Read More
February 13, 2024

Historic 4th & Burke Street Portfolio

Own a piece of history in the trendy West End neighborhood of Winston-Salem, NC. This wonderful historic portfolio is located at the corner of 4th Street and Burke Street, and consists of an ±1.07 acre parking lot with over 37,000 SF of mixed use offices, retail, and residential living units. The historic townhouses, originally renovated by J.W. Tatum and Jack Tischler are constructed of brick, solid stone window sills, and handcrafted front porch entries. The townhouse interiors are the best of 1914 craftmanship with ornate ironwork; beveled-glass; and heritage oak banisters, mantels, and hardwood floors. Now registered with the historic properties commission, the townhouses are a gem of the West End. The Burke Street properties add retail, residential, and fenced parking areas to balance this mixed use portfolio. Also located within the historic overlay of the West End, these stucco covered buildings offer a low maintenance exterior with main level retail shopping and second story living.

Return to Latest News
Read More
November 13, 2023

2206 N Main St, High Point Retail

Great opportunity to acquire a well located retail property on N. Main Street in High Point. This 1,395 SF Building sits on .25 acres in the middle of High Point’s main retail corridor.

Return to Latest News
Read More
October 31, 2023

Dark Walgreens – Greenville, SC

Great opportunity to sublease a former Walgreens location in Greenville, SC. Located in the northern part of Greenville, at the intersection of Poinsett Highway and Rives Rd, this ±14,820 SF building sits on ±1.46 acres and is a great repurposing or redevelopment opportunity.

Return to Latest News
Read More
June 12, 2023

DTWS Historic Office/Retail Building

Don’t miss this opportunity to own historic office or retail space in an exciting and vibrant part of downtown Winston-Salem! This DTWS historic office/retail building features retro design and unique architecture. The property totals three floors, each being ±2,480 SF. The building is in close proximity to multiple restaurants and retailers, and features a Walkability Score of 78 (WalkScore.com). There are two existing leases at the property- contact broker for additional information regarding those leases.

Return to Latest News
Read More
May 22, 2023

Brookstown Modern Office

This ±3,422 SF office space is conveniently located on the edge of Historic Old Salem, with easy access to Salem Parkway and is adjacent to Sayso Coffee and the Winston-Salem Strollway. This space has a total of 9 very spacious offices, large lobby, and conference room, in addition to a copy room and private bathrooms. Perfect for single office users in need of a professional setting to meet clients and build their business, or a single small-medium sized office user ready to be close to downtown. Perfect for single office users in need of a professional setting to meet clients and build their business, or a single small-medium sized office user ready to be close to downtown.

Return to Latest News
Read More