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    321 Smt Sq Ct Winston-Salem, NC 27105

    Sponsored
    For Sale
    $645,000

    1.4 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.4-acre commercial land parcel presents a remarkable investment opportunity in Winston-Salem, North Carolina. Located at 321 Summit Square Court, this property boasts a highly desirable location directly across Hanes Mill Road from a major shopping center anchored by a 400,000 square foot Walmart. The site benefits from its proximity to other significant retail anchors including Lowe's Home Center, Target, Home Depot, Staples, and Sam's Club, ensuring high visibility and substantial foot traffic. The property is conveniently situated just half a mile west of the full interchange with US 52/I-74, providing excellent accessibility and connectivity. The land is already graded and zoned for retail development (HB-S zoning), with all utilities readily available at the site. The parcel's APN is 6828-49-4739. The asking price is $645,000, and a potential lease rate of $51,500 per year is available, with build-to-suit options negotiable. This prime location within Winston-Salem's rapidly growing northern retail market makes this an ideal opportunity for developers seeking a high-impact commercial venture. The property is ready for immediate development, offering significant potential for substantial returns.

    Property Features for 321 Smt Sq Ct

    General Information

    Property type
    Land
    Lot Size
    60,984 SF

    HighLights

    • 1.4‑acre retail lot in Winston‑Salem's rapidly growing northern retail corridor at Hanes Mill Road and University Parkway.
    • Ready for immediate retail development; fully graded and zoned, with utilities available.
    • Annual lease rate: $51,500; build‑to‑suit options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2726037
    Latitude
    36.1881681

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    FAQs

    What type of property is this?
    Land - 1.4 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 321 Smt Sq Ct Winston-Salem, NC.
    What is the asking price?
    The asking price for this property is $645,000.
    What are key features of this property?
    This property features: 1.4-acre retail lot in Winston-Salem's rapidly growing northern retail corridor at Hanes Mill Road and University Parkway.; Ready for immediate retail development; fully graded and zoned, with utilities available.; Annual lease rate: $51,500; build-to-suit options available.
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    321 Smt Sq Ct Winston-Salem, NC 27105
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