For Sale
$1,105,800

6148 University Pkwy Winston-Salem, NC 27105

5.7 Acres, Multi-Family Potential, Winston-Salem

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 5.7-acre commercial land assemblage in Winston-Salem, North Carolina, presents a compelling investment opportunity. Located on University Parkway, this property boasts a prime location near shopping, amenities, and major transportation networks, including proximity to the newly constructed WS Beltway (I-74), approximately 10.6 miles away. The site is zoned RS-9 and the Winston-Salem Area Plan designates this area for up to 18 dwelling units per acre, allowing for a potential of 102 dwelling units on this parcel alone. An additional approximately 1.65 acres is available to the north, increasing the potential to 132 dwelling units. The property's high visibility along a major corridor with approximately 13,500 average annual daily traffic (AADT) further enhances its appeal. Staff may consider non-residential uses if presented as part of a unified rezoning request. The asking price is $1,105,800, translating to $194,000 per acre. Parcel numbers are 6829-22-3578

Highlights

  • High-visibility 5.7-acre commercial land assemblage on University Parkway, Winston-Salem, NC, with ±13,500 AADT.
  • Approximately 10.6 miles from the newly constructed WS Beltway (I-74).
  • Winston-Salem Area Plan allows for 8.1-18 dwelling units per acre (potential for 102+ units with adjacent 1.65-acre parcel).
  • Adjacent to LB-zoned property to the south.
  • Nearby southwest property recently rezoned for multifamily development.
  • Adjacent 1.65-acre parcel available for expansion.

Property Details for 6148 University Pkwy

Property type
Land
Lot Size (sq. ft)
248,292 SF

Location Insight

City
Winston-Salem
County
Forsyth
State
North Carolina
Latitude
36.194957
Longitude
-80.279727

FAQs

What type of property is this?
Land - 5.7 Acres, Multi-Family Potential, Winston-Salem
Where is the land located?
The property is located at 6148 University Pkwy Winston-Salem, NC.
What is the asking price?
The asking price for this property is $1,105,800.
What are key features of this property?
This property features: High-visibility 5.7-acre commercial land assemblage on University Parkway, Winston-Salem, NC, with ±13,500 AADT.; Approximately 10.6 miles from the newly constructed WS Beltway (I-74).; Winston-Salem Area Plan allows for 8.1-18 dwelling units per acre (potential for 102+ units with adjacent 1.65-acre parcel).
How can I contact the broker?
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6148 University Pkwy
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