3620 Reed Street

WinstonSalem, NC 27107

Listing ID: 197825
$1,575,000
For Sale
  • Property Type Industrial : Warehouse
  • Lot Size Acres 3.010
  • Building Sq Ft 40,000
  • Building Price per Sq Ft $39.38
  • Land Sq Ft 131,115
  • Land Price per Sq Ft $12.01
Description

Industrial investment opportunity. Two 20,000± SF buildings. Fully conditioned. Six docks and four drive-in doors. Less than 1/2 mile to I-40 interchange. Current cap is 6.6% with existing rental rates below market. Excellent up side to investment. Buildings priced well below replacement cost at $39.38 PSF.

Attachments & Files
Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population5,58445,044118,401
Population Median Age323335
Population by Age0-9 Yrs1005 (17%)7125 (15%)17360 (14%)
10-19 Yrs1207 (21%)8389 (18%)17315 (14%)
20-29 Yrs543 (9%)7055 (15%)18524 (15%)
30-39 Yrs703 (12%)5662 (12%)16160 (13%)
40-49 Yrs739 (13%)5039 (11%)14328 (12%)
50-59 Yrs675 (12%)4793 (10%)14513 (12%)
60-69 Yrs407 (7%)4021 (8%)11145 (9%)
70+ Yrs306 (5%)2959 (6%)9056 (7%)
Median HH Income$26,219$34,054$39,860
Total Household Income< 24K929 (47%)5807 (38%)15043 (33%)
25-49K593 (30%)4602 (30%)12316 (27%)
50-74K221 (11%)2378 (15%)7490 (16%)
75-99K131 (6%)1312 (8%)4965 (10%)
100-199K81 (4%)1002 (6%)4738 (10%)
200K+3 (0%)160 (1%)1001 (2%)
Highest Education LevelNo Diploma834568111509
Diploma or GED1101779020694
Some College509538716452
Assoc. Degree21917485861
Bachelors Degree266335012743
Higher Degree12514427747
Total Housing Units2,30017,13951,629
--Owner-Occupied9608,08623,333
--Renter-Occupied9997,17422,221
Owner-Occupied Values< 100K75043408162
100-199K167312511527
200-299K333772101
300-399K2112760
400-499K461373
500K+471409
Total Working Age Population3,70033,37190,858
In Work Force2,07519,92256,392
Not In Work Force1,62513,44934,467
Workforce Employed1,86318,22651,792
Workforce Unemployed1941,6104,408
Civlian Workforce2,05719,83656,199
Military Workforce1885192
Total Households1,95915,26045,554
Family Households1,2999,58026,185
Non-Family Households6605,68019,368
Married Couple6965,22015,768
Other Family6024,36010,417
Married w/Child3332,3576,800
Single Male w/Child743851,127
Single Female w/Child3492,1024,677

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
North Carolina8,049,313+189,535,483+1210,647,005+1111,847,719
Davidson County147,246+11162,878+4169,834+6180,208
Forsyth County306,067+15350,670+10385,208+10423,006

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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