For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by CBRE and powered by RealINSIGHT Marketplace, 200 W. Second Street is a 272,820-square-foot, 20-story trophy office tower in the heart of downtown Winston-Salem's CBD. Built in 1987 as the BB&T Bank headquarters, the fully vacant tower sits on 1.22 acres with 13,600-SF floor plates and offers a rare, full-scale repositioning opportunity to multifamily, hotel, or mixed-use, following the successful conversion of three nearby downtown towers since 2014. The Property sits within a designated Qualified Opportunity Zone and adjoins the Wake Forest Innovation Quarter, which has added 1.7 million square feet of mixed-use space since 2012. Recent capital improvements include a 2019 roof, 2021 boilers, and 2014 elevator modernization. Offered free and clear on an all-cash, unpriced basis, the asset gives a buyer full control to reimagine an iconic tower in one of the Southeast's fastest-growing, most affordable downtowns.
Due Diligence
Location
200 W. Second Street sits in the heart of Winston-Salem's Skyline District, one block from the Wake Forest Innovation Quarter's 1.7M SF research and medical campus. The tower is a 10-minute walk to Fourth Street's restaurant row, Bailey Park, and the Trade Street Arts District, with more than 120 downtown restaurants, bars, and breweries within easy reach.
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Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
