Bailey Power Plant

450 North Patterson Avenue, Winston-Salem, NC 27101

Property Information

  • For Lease Contact for pricing
  • Property Type Office - Creative Office
  • Property Size 110,800 SF
  • Lot Size 2.27 Acre
  • Property Tenancy Multi-Tenant
  • LEED Certified Gold
  • Building Class A
  • Year Built 1920
  • Date Updated Aug 11, 2026

Description

Bailey Power Plant is a 110,800-square-foot creative office space certified LEED Gold, positioned on a 2.27-acre lot. This Class A property seamlessly blends historic character with modern sustainability, making it an appealing choice for businesses seeking a distinctive work environment. The building's transformation preserves its industrial charm while supporting contemporary office needs. Tenants benefit from a prime downtown location with ample amenities and a design focused on energy efficiency.

Situated in Downtown Winston-Salem, this property is surrounded by conveniences for office tenants. Dining options such as Cugino Forno and Alma Mexicana are within steps, while Krankies Coffee is approximately 0.1 miles away. Nearby lodging includes the Kimpton Cardinal and Hotel Indigo Winston-Salem Downtown, both less than 0.25 miles from the office. Parking is readily accessible, with several parking decks and lots within 0.2 miles. Carolina University, Salem College, and other educational institutions are also in proximity, providing added vibrancy to the downtown environment.

1 Space Available

486 Patterson Ave

Space Type

Industrial

Lease Rate

Contact for pricing

Total Space

3,306 SF

Additional Space Type

Restaurant

Divisible Space

3,306 - 3,306 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

Turnkey

No

This ±3,306 SF industrial space offers the kind of character that's hard to find and impossible to replicate. With soaring high ceilings, an open floor plan, oversized windows, and ample storage, it is as functional as it is impressive. Prominent signage opportunities on the front facade and Coal Pit side ensure your brand gets noticed from the moment people arrive.

 

±3,306 SF of cool industrial space with high ceilings, open floorplan, large windows, and ample storage

Great signage opportunities in front and on Coal Pit side

Co-located with high-traffic restaurants and bars

Fantastic location in The Innovation Quarter; close to Bailey Park, Link IQ Apartments, Plant 64 Apartments, Wake Forest School of Medicine & School of Health Sciences, and future Atrium Wake forest Eye Institute 

 

INTERIOR SPACE FEATURES: ? prep area ? dishwashing station ? grease trap ? walk-in cooler ? ample storage ? multihead keg wall 

Contacts

Location

Located at 450 North Patterson Avenue, Winston-Salem, NC 27101, this property is part of the Downtown Winston - Salem neighborhood and Winston Salem Greensboro market.

  • 76/100 Very Walkable
  • 73/100 Very Bikeable
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Contact Bailey Power Plant
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