1243 N. Patterson Avenue   |  1243 N. Patterson Avenue   |   0 sf

  • TO LEARN MORE ABOUT THIS PROPERTY, CONTACT:

    Dan Hill at dan@ltpcommercial.com

    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.

    Address:1243 N. Patterson Avenue
    City:Winston-Salem
    Zip:27101
    Avail sf ± 0
    Price$635,000
  • Aerial Map
  • PROPERTY DETAILS

    Property Type Investment
    Avail sf ± 0
    sf per Floor ± 6,550
    Building sf ± 13,100
    Retail sf ± 13,100
    Year Built ±1928/2015
    Floors ±2
    Acres ±0.61
    Parking21 Spaces
    SprinkleredNo

    UTILITIES

    ElectricalYes
    WaterYes
    SewerYes
    AirYes
    HeatYes
    GasYes

    TAX INFORMATION

    ZoningGB-SPB
    County:Forsyth , NC
    Tax PIN6836-31-3319.00

    PRICING & TERMS

    Price$635,000
    NOI$66,408.25
    Tax Value$343,900
    Cap Rate10.50%
    CommentsTake 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.