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    Westgate Ctr Dr Winston-Salem, NC 27103

    Sponsored
    For Sale
    $300,000

    1.12-Acre Commercial Lot, Winston-Salem

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.12-acre commercial land parcel presents a prime development opportunity in Winston-Salem, North Carolina. Located on Westgate Center Drive, this property boasts a highly desirable General Office and Residential zoning designation, offering versatility for a range of projects. Its strategic location provides easy access to major transportation arteries, including Interstate 40, placing it within close proximity to key commercial hubs and residential areas. The site is less than a mile from Hanes Mall and Silas Creek Parkway, ensuring high visibility and convenient access for potential tenants or residents. The asking price for this exceptional property is $300,000. This 1.12-acre lot is ideal for the development of an office building, a small medical facility, or a mixed-use development, given its flexible zoning. Its proximity to I-40, Stratford Road, and Hanes Mall Boulevard ensures strong potential for attracting businesses and residents alike. The property is situated in Forsyth County, North Carolina, with a zip code of 27103. This presents a rare opportunity to acquire a well-located and versatile commercial land parcel in a thriving North Carolina market. The property's size and zoning make it an attractive investment for developers seeking to capitalize on the area's growth and demand for commercial and residential space.

    Property Features for 0 Westgate Ctr Dr

    General Information

    Property type
    Land
    Lot Size
    48,787 SF

    HighLights

    • 1.2‑acre land parcel.
    • Ideal for office or small medical facility.
    • Zoned for general office and residential use.
    • Convenient location near I‑40, Stratford Road, and Hanes Mall Boulevard.
    • $325,000 sale price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.3121123
    Latitude
    36.0693054

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    FAQs

    What type of property is this?
    Land - 1.12-Acre Commercial Lot, Winston-Salem
    Where is this land located?
    The property is located at Westgate Ctr Dr Winston-Salem, NC.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: 1.2-acre land parcel.; Ideal for office or small medical facility.; Zoned for general office and residential use.
    (336) 768-4410
    Request Owner's contact information
    Westgate Ctr Dr Winston-Salem, NC 27103
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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
    Westgate Ctr Dr Winston-Salem, NC 27103
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