Chatham Mill Campus 850 & 890 Chatham Rd 57,190 SF Office Building Winston-Salem, NC 27101 $2,721,751 CAD ($47.59 CAD/SF)

850 & 890 Chatham Road represent the third and final phase of the former mill-campus redevelopment at the historic Chatham Mill Campus in Winston-Salem. The property consists of two adjacent buildings, totaling 57,190 SF, sitting on a 1.02-acre parcel — offering a substantial footprint for adaptive reuse.
All entitlements are complete, making it “shovel-ready” for redevelopment.
A new roof was completed in 2023, enhancing the building’s structural readiness and reducing near-term capital expenditure for a buyer.
Given its historic-registry status, the property qualifies for historic rehabilitation tax credits, and it is located within an Opportunity Zone — factors that may provide incentive potential for investors or developers.
Its proximity to downtown Winston-Salem, the nearby Wake Forest University, the historic West End district, and public transit enhances its appeal for residential, mixed-use, or creative-office conversion.
Offering: For Sale — Redevelopment Opportunity
Asking Price: US$?1,950,000
Building / Total Size: 57,190 SF across 2 buildings / multiple levels
Lot Size: 1.02 acres
Zoning / Entitlements: Historic-registered mill campus; redevelopment entitlements complete.
Potential Use: Mixed-use: loft apartments, storage units, creative office, retail, or other adaptive-reuse concepts.
Historic/Mill-Campus Character — The property is part of a former mill campus with historic-registry status, giving it unique architectural character and appeal for loft-style apartments or creative uses.
Redevelopment-Ready with Entitlements Complete — Permits and plans are in place, eliminating much of the upfront entitlement risk typical of redevelopment projects.
Substantial Building Size and Lot — 57,190 SF over two buildings on 1.02 acres — offering flexibility whether converting into multi-unit residential, mixed-use, storage/office, or hybrid development.
New Roof (2023) — A recently completed roof reduces near-term rehab/maintenance costs and increases the attractiveness for investors or owner-users.
Historic & Opportunity-Zone Tax Incentives Eligible — Historic-rehab tax credits and Opportunity Zone incentives may improve project returns or reduce financing costs.
Mixed-Use Adaptability — Suitable for 46 loft-style apartments, storage, creative office, light industrial, retail, or a combination — offering flexibility to adapt to market demand.
Proximity to Downtown, Transit & Institutions — Close to downtown amenities, educational institutions, nightlife, and transit, increasing potential demand for residential or creative-office conversion.