Downtown Winston-Salem Multifamily Development Opportunity   |  222 South Church Street   |   23 Units

  • TO LEARN MORE ABOUT THIS PROPERTY, CONTACT:

    Nick Gonzalez at nick@ltpcommercial.com

    —or—

    Cole Carns at ccarns@ltpcommercial.com

    Linville Team Partners is excited to present a call for offers on behalf of Salem College as it relates to the sale of The McHugh Sisters' Flats (23-unit 2BR downtown multi-family asset) as well as some additional residential/commercial properties and land totalling 3.15 acres.  

    This is a tremendous opportunity to acquire a large, prominently visible, newer asset in downtown Winston-Salem with significant development potential and opportunity. 

    Here you can find the offering memorandum for review. 

    When submitting a proposal, please provide the following:

    • Purchase Price
    • Method of Funding or Financing Arrangements Requested
    • Outline of Timing/Due Diligence/Critical Dates & Closing Dates
    • Earnest Money Deposit amount 
    • Summarize brokerage relationship, if any
    • Include a brief summary of the proposed use of the site as well as a brief bio and summary of the purchaser's background. 

    We request that all proposals from interested parties be submitted by 1/25/19 for consideration by Salem College. We aim to evaluate and respond the following week with any follow-up questions. 

    Submit proposals to Nick Gonzalez via email (nick@ltpcommercial.com). Call or email to discuss further, or to request access to due diligence items.

     

    Address:222 South Church Street
    City:Winston-Salem
    Zip:27101
    Locator:McHugh Sisters Flats & Neighboring Parcels
    Price$5,450,000
  • Aerial Map
  • PROPERTY DETAILS

    Property Type Investment
    Multi-family
    Land
    # of Units23
    Acres ±3.15 Acres
    Lot Size3.15
    SprinkleredNo
    Submarket:Winston-Salem CBD

    UTILITIES

    ElectricalNo
    WaterNo
    SewerNo
    AirNo
    HeatNo
    GasNo

    TAX INFORMATION

    County:Forsyth , NC

    PRICING & TERMS

    Price$5,450,000
    CommentsPortfolio includes a 23-unit multifamily redevelopment opportunity, two residential properties (2,168sf & 4,004sf each), one 3,486sf residential/commercial property, and 3 parcels of land, which bring the total size to 3.15 acres. This property is adjacent to Business 40, in the heart of downtown Winston-Salem's rapid growth. See Offering Memorandum for more information. We request that all proposals from interested parties be submitted by 1/25/19 for consideration.