Historic Camel Pawn Building 422 N Liberty St

Estate Directs Online Auction Sale of the Historic Camel Pawn Building in Downtown Winston-Salem, NC. 16,464+/- Total SF Zoned for Retail, Office, Restaurant, Hotel, Multi-Family, & More. To Be Sold to Highest Bidder Above Tax Value of $413,100. Visit Iron Horse Auction for full details.
Eligible for Historic Tax Credit and Opportunity Zone benefits!
Online Bidding begins November 5th and begins ending November 12th at 2PM.
INSPECTIONS: The Property will be available to preview, By Appointment ONLY, on Tuesday, October 29th from 12:00 Noon until 3:00PM and Wednesday, November 6th from 12:00 Noon until 3:00PM. Please call Jason Dolph, CCIM, at 704-502-0388 to confirm your visit.
For Complete Terms of Sale visit our website.
Property History & Reason for Sale: The building was constructed in 1912 and named as a contributing structure in the Downtown Winston-Salem Historic District. It successfully operated as the iconic Camel Pawn Shop at this location from 1961-2023. This property is eligible for Historic Property and Opportunity Zone tax benefits. The estate of the former owners has decided on this one-time only sale, passing substantial savings and considerable opportunity on to new ownership.
Area Description: Located in the heart of Downtown Winston-Salem, the building is located directly across the street from multi-level public parking and a Class A Office building. It neighbors the transit center and is within 1-2 city blocks from The Millennium Event Center, high-end hotels, restaurants, and shopping.
Building Description: The property is a three-story (plus basement) masonry commercial building which was constructed in 1912. The building is constructed with a concrete foundation, wood subfloors, brick and concrete block exterior walls, and a rubber membrane roof covering. The front side of the second and third floors has been covered with a masonry exterior or cladding which covers the window units and façade on these two floors. Current ownership reports that the masonry exterior or cladding can be removed to open the windows and façade if desired by a future owner.
The first floor has a recessed storefront with aluminum framed glass display windows and two double-door storefront entries with transoms that are recessed between storefront displays. There is a metal pull-down overhead door which encloses the recessed space and provides security for the building. A flat metal canopy covers the storefront, and the floor of recessed storefront is covered with terrazzo tiles. It contains 3,381+/- square feet on the main level excluding the recessed area with attached display cases. The second and third floors contain 4,361+/- square feet each for a total above ground building area of 12,103+/- square feet. There is a full unfinished basement which contains 4,361+/- square feet. There is a freight elevator which provides access to all four levels, and it is in good working condition. There is also an interior stairwell that provides access to all four levels. There is a pedestrian door along the rear side of the building which provides additional access to the main level which includes the elevator and interior stairwell.
The main level retail space prospered as The Camel Pawn Shop from 1961 through 2023. This floor is primarily an open retail space with columns, office, two restrooms, elevator and stairwell situated at the rear portion of this level. This level is heated (gas forced air) and cooled (HVAC). The second and third levels are primarily an open unfinished space with columns and beams, storage room, elevator, and interior stairwell. The basement is primarily an open unfinished storage space with columns and beams, storage rooms, interior stairwell, and elevator at the rear of this level. There is an enclosed interior corridor or hallway which runs around the perimeter of the basement level. There is a wood ceiling at the basement level and supporting columns. 9’-15’ ceiling heights throughout.