Share This Listing

Please enter your first name
Please enter your last name
Please enter a valid email address
Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

918 characters remaining

We will automatically send your friend a one-time email inviting them to visit this listing. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of the referral program. (Terms of Use)

thank you

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Historic Office Storefront | Condo Potential 705 N Main St 7,440 SF Vacant Retail Building Winston-Salem, NC 27101 $550,000 ($73.92/SF)

Investment Highlights

  • 705 N Main Street presents a two-story retail/ office storefront building with a full-floor storage basement and alley loading behind the building.
  • All floors are separately metered, enabling conversion opportunities for condo potential, as well as traditional MFR, or continuing live-work.
  • Boutiques, trendy eateries, and art galleries line Downtown Winston-Salem, the city’s walkable hub of innovation, art, and nightlife.
  • In the Industry Hill Neighborhood, three blocks from the city’s new amphitheater (planned for Spring 2027), in a commercial corridor.
  • Highly visible and easily accessible off N Martin Luther King Jr Drive, seeing daily traffic counts of more than 19,000 VPD along the thoroughfare.
  • Over 30,000 college students live in Winston-Salem, home to six universities, including Wake Forest University and Winston-Salem State University.

Attachments

705 N Main St, Winston-Salem
Floor Plan
Floor Plan
Floor Plan
Floor Plan

Property Facts

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,440 SF
Building Class
C
Year Built
1913
Price
$550,000
Price Per SF
$73.92
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
12’
Building FAR
2.85
Lot Size
0.06 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
PB - Commercial, Office
Parking
5 Spaces (0.67 Spaces per 1,000 SF Leased)
Frontage
34’ on N Main St

Amenities

  • Courtyard
  • Security System
  • Roof Terrace
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • General Office Space
  • Management of Companies and Enterprises
  • -
  • -
  • -
  • Lillybee LLC
  • Public Administration
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • -

Rug Doctor started in 1972 when Roger Kent, a carpet cleaner frustrated with existing equipment, built a better machine in Fresno, California. The company pioneered rental carpet cleaners for consumers wanting professional results at home. This business model fueled rapid growth across the United States. By the late 1970s, Rug Doctor expanded its product line with specialized cleaning solutions. The brand grew internationally in the 1990s, entering European and Asian markets. Though acquired by Bissell in 2022, Rug Doctor remains a major player in floor care products for both residential and commercial customers.

Tenant Industry SF Occupied Rent/SF Lease End
General Office Space Management of Companies and Enterprises - - -
Lillybee LLC Public Administration - - -
Retailer - - -
1 1
705 N Main St, Winston-Salem, NC - Aerial map view - Image1
705 N Main St, Winston-Salem, NC - Aerial map view - Image2
705 N Main St, Winston-Salem, NC - Aerial map view - Image3
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Source: Local Logic®

Nearby Major Retailers

F45 Training, Inc.
Top Tier Crossfit
Famous Toastery
Truist
First Horizon Bank
Compare Foods

Property Taxes

Parcel Number 6835-28-3714 Improvements Assessment $806,600
Land Assessment $38,900 Total Assessment $845,500

Property Taxes

Parcel Number
6835-28-3714
Land Assessment
$38,900
Improvements Assessment
$806,600
Total Assessment
$845,500
(336) 345-1500

Still interested?

Contact the broker for more information about this property

Contact

  • Will Blackwell, SIOR
    Will Blackwell, SIOR

  • Listing ID: 39399465

  • Date on Market: 4/10/2026

  • Last Updated:

  • Address: 705 N Main St, Winston-Salem, NC 27101

1 of 22
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
705 N Main St, Winston-Salem, NC for sale Building Photo- Image 1 of 22
Historic Office Storefront | Condo Potential
705 N Main St, Winston-Salem, NC for sale Building Photo- Image 2 of 22
Street-View Entrance
705 N Main St, Winston-Salem, NC for sale Lobby- Image 3 of 22
Entrance Interior
705 N Main St, Winston-Salem, NC for sale Interior Photo- Image 4 of 22
First-Floor Interior Overview
705 N Main St, Winston-Salem, NC for sale Interior Photo- Image 5 of 22
First-Floor Interior Overview
705 N Main St, Winston-Salem, NC for sale Interior Photo- Image 6 of 22
First-Floor Interior Overview
705 N Main St, Winston-Salem, NC for sale Interior Photo- Image 7 of 22
First-Floor Hallway
705 N Main St, Winston-Salem, NC for sale Interior Photo- Image 8 of 22
Second-Floor with Updated Hardwood Flooring
705 N Main St, Winston-Salem, NC for sale Interior Photo- Image 9 of 22
First-Floor Interior Balcony
705 N Main St, Winston-Salem, NC for sale Interior Photo- Image 10 of 22
Office Space
705 N Main St, Winston-Salem, NC for sale Interior Photo- Image 11 of 22
Break Room
705 N Main St, Winston-Salem, NC for sale Interior Photo- Image 12 of 22
First-Floor Overview
705 N Main St, Winston-Salem, NC for sale Interior Photo- Image 13 of 22
Second-Floor Office Space
705 N Main St, Winston-Salem, NC for sale Interior Photo- Image 14 of 22
Second Floor with Updated Hardwood Flooring
705 N Main St, Winston-Salem, NC for sale Interior Photo- Image 15 of 22
Second-Floor Break Room
705 N Main St, Winston-Salem, NC for sale Interior Photo- Image 16 of 22
Lower-Level Storage
705 N Main St, Winston-Salem, NC for sale Interior Photo- Image 17 of 22
Lower-Level Storage
705 N Main St, Winston-Salem, NC for sale Building Photo- Image 18 of 22
Exterior Overview
705 N Main St, Winston-Salem, NC for sale Aerial- Image 19 of 22
Aerial Viewpoint of Frontage and Accessibility
705 N Main St, Winston-Salem, NC for sale Aerial- Image 20 of 22
90-Degree Lookdown
705 N Main St, Winston-Salem, NC for sale Aerial- Image 21 of 22
Parcel Outline
1 of 1
Powered by LoopNet
You are being redirected to complete the bid registration process.
Historic Office Storefront | Condo Potential | 705 N Main St
(336) 345-1500 x

Historic Office Storefront | Condo Potential | 705 N Main St

Will Blackwell, SIOR
(336) 345-1500

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}
You can provide feedback any time using the Help button at the top of the page.