Winston-Salem offers incentives for real estate agents

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

WINSTON-SALEM, N.C.-- The Community and Business Development Department in Winston-Salem has started a Commercial Property Listing Service and incentive program for commercial real estate agents in hopes of moving unused, blighted properties and spurring economic development.

Properties inside the Neighborhood Revitalization Strategy Areas that are sold and have a business open inside of them within one year will offer an incentive of up to $2,000 for the listing and selling agent.

"With this incentive out there we hope that real estate agents who know of property out there will really get out and do some marketing potentially to bring a business to that area," said Ruben Gonzalez, the Community and Business Development Director

Organizers are using Federal Community Block Grants to pay the incentives.

Freeman Commercial Real Estate Agent Abner Wright has listed his property on Peters Creek Parkway in the program.

"There is no question values are affected by who your neighbor is and when a building is empty the building deteriorates and consequently the area does. I think we are a great conduit for getting these properties into the attention of business owners and main stream users," said Wright.

Eligible thoroughfares include parts of Martin Luther King Junior Drive, Patterson Avenue, Northwest Boulevard, Liberty Street, New Walkertown Road, Waughtown Street, Peters Creek Parkway, Indiana Avenue, Cherry Street and Akron Drive.

"The city gets a lot of advantages when a business opens up, not the least of which is jobs created in that location.  The idea is to get these unused properties into use and that will attract more development as well," Gonzalez said

The program is running on a 6 month trial now. If it seems to work city council could extend it to include other areas and more time.