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7% Cap Retail | Winston-Salem 633 N Liberty St 42,234 SF Retail Building Winston-Salem, NC 27101 $15,056,029 CAD ($356.49 CAD/SF) 7% Cap Rate
Investment Highlights
- 7% Cap Rate Investment with Seller Lease-Back at Closing
- Prime Downtown Winston-Salem Location
- 42,234 SF Commercial Building on ±0.52 Acres
Executive Summary
7% Cap Rate Retail Investment | Downtown Winston-Salem
Located in the heart of downtown Winston-Salem, 633 N Liberty Street presents a compelling 7% cap rate investment opportunity with a seller lease-back structure, providing immediate and stabilized income at closing. The current owner will remain in place as a tenant, offering investors a secure, predictable cash-flow opportunity from day one.
The property consists of ±42,234 square feet on ±0.52 acres and features three stories of fully renovated commercial space. Extensive upgrades have modernized the building while preserving flexibility for a variety of commercial uses. The versatile layout supports long-term adaptability, allowing for potential future repositioning, multi-tenant conversion, or owner-occupancy upon lease expiration.
Strategically positioned just blocks from the Wake Forest Innovation Quarter, the property benefits from strong downtown visibility, walkability, and proximity to Winston-Salem’s expanding mix of retail, dining, residential, and employment centers.
Surrounded by ongoing redevelopment and continued urban investment, 633 N Liberty Street represents a rare opportunity to acquire a stabilized income-producing asset with long-term upside in one of Winston-Salem’s most active growth corridors.
Property Highlights
7% Cap Rate Investment
Seller Lease-Back – Immediate Cash Flow
±42,234 SF | Three-Story Commercial Building
±0.52 Acre Site
Fully Renovated Interior and Systems
Located in Downtown Winston-Salem
Blocks from Wake Forest Innovation Quarter
Strong Long-Term Repositioning Potential
Located in the heart of downtown Winston-Salem, 633 N Liberty Street presents a compelling 7% cap rate investment opportunity with a seller lease-back structure, providing immediate and stabilized income at closing. The current owner will remain in place as a tenant, offering investors a secure, predictable cash-flow opportunity from day one.
The property consists of ±42,234 square feet on ±0.52 acres and features three stories of fully renovated commercial space. Extensive upgrades have modernized the building while preserving flexibility for a variety of commercial uses. The versatile layout supports long-term adaptability, allowing for potential future repositioning, multi-tenant conversion, or owner-occupancy upon lease expiration.
Strategically positioned just blocks from the Wake Forest Innovation Quarter, the property benefits from strong downtown visibility, walkability, and proximity to Winston-Salem’s expanding mix of retail, dining, residential, and employment centers.
Surrounded by ongoing redevelopment and continued urban investment, 633 N Liberty Street represents a rare opportunity to acquire a stabilized income-producing asset with long-term upside in one of Winston-Salem’s most active growth corridors.
Property Highlights
7% Cap Rate Investment
Seller Lease-Back – Immediate Cash Flow
±42,234 SF | Three-Story Commercial Building
±0.52 Acre Site
Fully Renovated Interior and Systems
Located in Downtown Winston-Salem
Blocks from Wake Forest Innovation Quarter
Strong Long-Term Repositioning Potential
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Building Size
42,234 SF
Year Built/Renovated
1926/2021
Price
$15,056,029 CAD
Price Per SF
$356.49 CAD
Cap Rate
7%
NOI
$1,053,922 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
1.86
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
CB (Central Business) - Mix of office, retail, service, and institutional uses in a pedestrian-oriented setting.
Amenities
- 24 Hour Access
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Balcony
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 6835-28-2505 | Improvements Assessment | $12,739,941 CAD |
| Land Assessment | $485,362 CAD | Total Assessment | $13,225,303 CAD |
Property Taxes
Parcel Number
6835-28-2505
Land Assessment
$485,362 CAD
Improvements Assessment
$12,739,941 CAD
Total Assessment
$13,225,303 CAD
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7% Cap Retail | Winston-Salem | 633 N Liberty St
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