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    Downing St Wilson, NC 27893

    Sponsored
    For Sale
    $1,499,000

    41.3 Acres, Multi-Use Potential, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 41.3-acre commercial land parcel presents a unique investment opportunity in Wilson County, North Carolina. Boasting approximately 800 feet of road frontage on Downing Street SW, this property offers significant development potential. The land comprises roughly 10.65 acres of open land, ideal for immediate construction, and a substantial wooded area featuring a mix of mature hardwoods and pines. The property is conveniently situated near key transportation arteries, including Highway 301, Highway 587, and Highway 795, ensuring excellent accessibility. Its strategic location places it in close proximity to established businesses such as Sheetz and Truist Bank, as well as residential subdivisions Quail Ridge and Crestview, and the Wilson Medical Center. The property is comprised of eleven individually zoned parcels, all designated for commercial development. Aerial boundary photos for each parcel are available. Given Wilson's ongoing growth and its position between Raleigh and Greenville, this property is poised for significant appreciation. The easy access via Highway 587, connecting two major North Carolina cities, further enhances its desirability. This is a rare opportunity to acquire a large, multi-use commercial tract in a rapidly developing area. The combination of size, location, and zoning makes this an attractive investment for a variety of commercial ventures.

    Property Features for Downing St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,799,028 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wilson
    County
    Wilson
    State
    North Carolina
    Longitude
    -77.92405
    Latitude
    35.71553

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    FAQs

    What type of property is this?
    Commercial real estate - 41.3 Acres, Multi-Use Potential, High Visibility
    Where is this commercial real estate located?
    The property is located at Downing St Wilson, NC.
    What is the asking price?
    The asking price for this property is $1,499,000.
    (252) 480-5263
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    Downing St Wilson, NC 27893
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    Wilson, NC 27893
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Downing St Wilson, NC 27893
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