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    6356 University Pkwy Winston-Salem, NC 27105

    Sponsored
    For Sale
    $699,000

    1.34 Acres, Beltway Adjacent, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.34-acre commercial land parcel presents a unique investment opportunity in Winston-Salem, North Carolina. Strategically located at 6356 University Parkway, this property boasts approximately 150 feet of frontage on a major thoroughfare, offering unparalleled visibility and accessibility. Its proximity to the Northern Beltway interchange ensures high traffic volume and convenient access to regional transportation networks. The property is zoned RS9, HB, and area plans indicate future commercial zoning designations. Utilities, including water and gas, are readily available nearby. The lot size is ideal for a variety of commercial developments, making it an attractive prospect for investors seeking high-return potential. Completed in the fourth quarter of 2022, this site is ready for immediate development. The asking price is $699,000, translating to approximately $521,641.79 per acre, reflecting the prime location and development potential. This is a rare opportunity to acquire a well-situated commercial lot in a rapidly growing area of Forsyth County, with a zip code of 27105. Don't miss this chance to secure a prime piece of real estate in a thriving market.

    Property Features for 6356 University Pkwy

    General Information

    Property type
    Land
    Lot Size
    58,370 SF

    HighLights

    • 34± acres.
    • Excellent access via Northern Beltway interchange; Delivery Q4 2022.
    • Commercial zoning anticipated.
    • Utilities (water & gas) available.
    • 150± feet of frontage on University Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    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
    -80.2806299
    Latitude
    36.200524

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    FAQs

    What type of property is this?
    Land - 1.34 Acres, Beltway Adjacent, High Visibility
    Where is this land located?
    The property is located at 6356 University Pkwy Winston-Salem, NC.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 34± acres.; Excellent access via Northern Beltway interchange; Delivery Q4 2022.; Commercial zoning anticipated.
    Request Owner's contact information
    6356 University Pkwy Winston-Salem, NC 27105
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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
    6356 University Pkwy Winston-Salem, NC 27105
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