2400 South Blvd, Suite 300 Charlotte, NC 28203 mpvre.com

Retail/Office/Flex Space

• ±8,721 SF on .49 AC• Excellent building for furniture showroom, non-profits, catering

groups, kitchen/interior design end users & distributors, and Co-Working space

• 22 free surface parking spaces• Across the street from new $26 million redevelopment project• Zoned HB (Highway Business)• Rear loading dock – 4 feet high• Minutes away from downtown Winston Salem

Page 12/20/2017

904 S Marshall StWinston-Salem, NC 27101 - South Forsyth County Submarket

Property Summary Report 1

BUILDINGType: Class C Industrial

Subtype: Warehouse

Tenancy: Multiple

Year Built: 1972

RBA: 8,721 SF

Floors: 1

Typical Floor: 8,721 SF

Construction: Masonry

LANDLand Area: 0.49 AC

Zoning: PB HB

Parcel 6835-21-4339

EXPENSES PER SFTaxes: $0.57 (2015)

LOADINGDocks: None Cross Docks: None

Cranes: None Rail Spots: None

LEASINGAvailable Spaces: No Spaces Currently Available

TRANSPORTATIONParking: 22 free Surface Spaces are available; Ratio of 2.52/1,000 SF

Airport: 31 minute drive to Piedmont Triad International Airport

PROPERTY CONTACTSRecorded Owner: Aa Properties Of Winston Salem

MARKET CONDITIONS

Vacancy Rates Current YOY

Current Building 0.0% 0.0%

Submarket 1-3 Star 1.6% 0.2%

Market Overall 2.1% 1.0%

Asking Rents Per SF Current YOY

Submarket 1-3 Star $3.89 2.9%

Market Overall $3.14 11.0%

Submarket Leasing Activity Current YOY

12 Mo. Leased SF 347,557 448.2%

Months On Market 22.5 0.8 mo

Submarket Sales Activity Current YOY

12 Mo. Sales Volume (Mil.) $805,000 97.1%

12 Mo. Price Per SF $44 28.6%

Copyrighted report licensed to MPV Properties, LLC - 178404.

Rare Old Salem Retail-Flex Bldg904 Marshall St, Winston Salem, NC 27101

ContactStephen Pharr704.367.5015spharr@mpvre.com

Retail/Office/Flex Available

Available

Pricing Call broker for pricing

Demographics 1 mile 3 mile 5 mile2017 Population 11,361 75,532 155,035

2017 Avg. HH Income $49,394 $53,741 $60,330

421 421421

52

4040

40

Winston-Salem

Clark Alcorn704.367.5005calcorn@mpvre.com

2

Rare Old Salem Retail-Flex Bldg904 Marshall St, Winston Salem, NC 27101

2400 South Blvd, Suite 300 Charlotte, NC 28203 mpvre.com

Site Location

This GIS data is deemed reliable but provided “as is” without warranty of any representation of accuracy, timeliness, reliability or completeness. This map document does not represent a legal survey of the land and is for graphical purposes only. Use of this data for any purpose should be of acknowledgment of the limitations of the data, including the fact that the data is dynamic and is in a constant state of maintenance, correction, and update.

Marshall StPoplar St

Main St

Old Salem Rd

Walnut St

Salem Ave

Broad St

SITE 1001Mixed Use

Development

3

Rare Old Salem Retail-Flex Bldg904 Marshall St, Winston Salem, NC 27101

2400 South Blvd, Suite 300 Charlotte, NC 28203 mpvre.com

Proximity to Downtown

This GIS data is deemed reliable but provided “as is” without warranty of any representation of accuracy, timeliness, reliability or completeness. This map document does not represent a legal survey of the land and is for graphical purposes only. Use of this data for any purpose should be of acknowledgment of the limitations of the data, including the fact that the data is dynamic and is in a constant state of maintenance, correction, and update.

N

Winston-Salem

421

421421

E Sal

em A

ve

Old Salem

Ave

Marshall St

W Academy St

Salem Ave

W St SW

Wachovia St

S Broad St

SITE

4

Rare Old Salem Retail-Flex Bldg904 Marshall St, Winston Salem, NC 27101

2400 South Blvd, Suite 300 Charlotte, NC 28203 mpvre.com

Proximity to 1001

This GIS data is deemed reliable but provided “as is” without warranty of any representation of accuracy, timeliness, reliability or completeness. This map document does not represent a legal survey of the land and is for graphical purposes only. Use of this data for any purpose should be of acknowledgment of the limitations of the data, including the fact that the data is dynamic and is in a constant state of maintenance, correction, and update.

1001 Mixed- Use Development Project

• $26 million redevelopment project to convert the former Hewitt Business Center building into an active, mixed-use development designed to support Winston-Salem’s creative ecosystem

• 130,000 SF of space for a shared-use commercial kitchen, space for clothing design, community arts, pilates and yoga studios, shared office spaces, light industrial studios and a café

• Plans to launch 70 food enterprises creating more than 100 jobs within three years

1001Mixed Use

Development

Marshall St

Salem Ave W

SITE

5

Rare Old Salem Retail-Flex Bldg904 Marshall St, Winston Salem, NC 27101

2400 South Blvd, Suite 300 Charlotte, NC 28203 mpvre.com

Footprint & Store Front

This GIS data is deemed reliable but provided “as is” without warranty of any representation of accuracy, timeliness, reliability or completeness. This map document does not represent a legal survey of the land and is for graphical purposes only. Use of this data for any purpose should be of acknowledgment of the limitations of the data, including the fact that the data is dynamic and is in a constant state of maintenance, correction, and update.

For complete property listings, visit www.mpvre.com.

2400 South Blvd, Suite 300 Charlotte, NC 28203 mpvre.com