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Office Vacant-User

S.J. Nissen Wagon Works

310 E Third Street, Winston-Salem, NC 27101

Listing Price: $5,500,000

Rentable SF
33,000
Lot Size
0.54 acres
Year Built
1893

Investment Overview

Marcus & Millichap is pleased to present the S.J. Nissen Wagon Works, a renovated mix-use property in downtown Winston-Salem, North Carolina. The historic property is an ideal opportunity for office, apartments, retail, or restaurants. The property consists of a +/- 33,000 square foot multi-use building originally built in 1893 with additions in the 1950's and 1980's. The original building is 5 stories with mostly open floorplans spanning from 3,500-5,000 square feet per floor. Each floor of the 3-story addition is approximately 2,500 square feet with setup varying from open space to offices. The facility has been well-maintained and upgraded throughout the years while still keeping the historic character. It qualifies for historic tax credits and is located in an opportunity zone. The property sits on 0.54 acres, including 42 surface parking spaces, and borders the Winston-Salem Greenway and the Wake Forest Innovation Quarter. The 330-acre Innovation Quarter is North Carolina's largest historic redevelopment project and consists of 2.1 million square feet of office, lab, educational, and community spaces. The project's total investment to date is greater than $841 million, and it is home to more than 170 companies, 5 academic institutions, 3,700 workers, and almost 10,000 students/workforce training participants. Phase II of the Innovation Quarter Master Plan was announced in 2021 will add an additional 1 million square feet of clinical/lab/office space. The S.J. Nissen Wagon Works building is located directly between the Phase I and II plans, and will be centrally located in the Innovation Quarter. The S.J. Nissen Building is registered as a national and local landmark, qualifying for historic and local tax relief. The property originally operated as a wagon building and repair shop under Samuel Jacob Nissen.

Investment Highlights

  • +/-33,000 Sq Ft office/flex space in the heart of downtown Winston-Salem, NC
  • Prime location in the Innovation Quarter, a 2.1-million square feet research, information technology, biomedical science, and education hub
  • On the National Historic Register, the property qualifies for historic and opportunity zone tax credits
  • Seller willing to negotiate a short term sale leaseback
  • 42 surface parking spaces

Exclusively Listed By

Office Vacant-User

S.J. Nissen Wagon Works

Listing Price: $5,500,000

Rentable SF
33,000
Lot Size
0.54 acres
Year Built
1893

Investment Highlights

  • +/-33,000 Sq Ft office/flex space in the heart of downtown Winston-Salem, NC
  • Prime location in the Innovation Quarter, a 2.1-million square feet research, information technology, biomedical science, and education hub
  • On the National Historic Register, the property qualifies for historic and opportunity zone tax credits
  • Seller willing to negotiate a short term sale leaseback
  • 42 surface parking spaces

Investment Overview

Marcus & Millichap is pleased to present the S.J. Nissen Wagon Works, a renovated mix-use property in downtown Winston-Salem, North Carolina. The historic property is an ideal opportunity for office, apartments, retail, or restaurants. The property consists of a +/- 33,000 square foot multi-use building originally built in 1893 with additions in the 1950's and 1980's. The original building is 5 stories with mostly open floorplans spanning from 3,500-5,000 square feet per floor. Each floor of the 3-story addition is approximately 2,500 square feet with setup varying from open space to offices. The facility has been well-maintained and upgraded throughout the years while still keeping the historic character. It qualifies for historic tax credits and is located in an opportunity zone. The property sits on 0.54 acres, including 42 surface parking spaces, and borders the Winston-Salem Greenway and the Wake Forest Innovation Quarter. The 330-acre Innovation Quarter is North Carolina's largest historic redevelopment project and consists of 2.1 million square feet of office, lab, educational, and community spaces. The project's total investment to date is greater than $841 million, and it is home to more than 170 companies, 5 academic institutions, 3,700 workers, and almost 10,000 students/workforce training participants. Phase II of the Innovation Quarter Master Plan was announced in 2021 will add an additional 1 million square feet of clinical/lab/office space. The S.J. Nissen Wagon Works building is located directly between the Phase I and II plans, and will be centrally located in the Innovation Quarter. The S.J. Nissen Building is registered as a national and local landmark, qualifying for historic and local tax relief. The property originally operated as a wagon building and repair shop under Samuel Jacob Nissen.

Exclusively Listed By

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