Category: Retail

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.

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

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.

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.

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.

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.

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.

Walgreens – Eden

Great opportunity to purchase a Walgreens owned property in Eden, NC. Located on S. Van Buren, Eden’s main retail corridor. This ±14,732 SF property sits on ±1,63 acres and is a great redevelopment opportunity.

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.

Dark Walgreens – Martinsville, VA

Great opportunity to sublease a former Walgreens location in Martinsville, VA. Located on the south end of town, at the intersection of Greensboro Rd and Rives Rd, this ±13,650 SF building sits on ±1.38 acres and is a great repurposing or redevelopment opportunity.