850 Chatham Rd.


Property Type Mixed Use, Multifamily, Office
Sub type Traditional Office, Mixed-Use, Multi-Family
Investment Type Redevelopment
Square Footage 63,595
Year Built 1920
Buildings 2
Stories 2
Zoning GB-S
Lot Size (acres) 1.02

Marketing Description

Baldwin Properties is pleased to present the outstanding opportunity to acquire the fee simple interest in Buildings 21 & 23 (the “Property”) of the Historic Chatham Mill Campus located at 850 & 890 Chatham Rd in Winston-Salem, NC. The Property totals 63,595 square feet on 1.02 acres and is shovel ready for renovation and redevelopment.

The Property is part of a broader master-planned redevelopment of a historic textile mill and is the third and final phase in the mixed-use redevelopment plan. Phases one and two (not part of the offering) of the mixed-use district, which have been redeveloped for residential and commercial uses, were completed in 2016 / 2018 and are now home to hundreds of residents and multiple local small businesses. The Property is shovel-ready and offers an opportunity to capitalize on prior phases of activation within a historic mixed-use setting and potentially benefit from multiple tax incentives given the Property’s Opportunity Zone location, historic designation, and Brownfield status.

The Property is already zoned and entitled with fully approved designs and completed CDs for a redevelopment into 46 multifamily units and a mix of covered and surface parking. A future buyer would also benefit from recent capital improvements to the Property including a new roof completed in 2023 along with select site work and demo. The Project’s shovel-ready status, completed designs, and extensive work already performed on site enable a developer to quickly commence on a redevelopment of the Property and offer a differentiated experience as the third and final phase of the Historic Chatham Mill Campus of Winston-Salem.