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    7 St Winston-Salem, NC 27101

    Sponsored
    For Sale
    $600,000

    Prime .56-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.56-acre commercial land parcel presents a rare development opportunity in the heart of Winston-Salem, North Carolina. Located at the highly visible and easily accessible intersection of West 7th Street and North Marshall Street, this property boasts a prime location within the burgeoning Industry Hill submarket and the vibrant Arts District. The site is zoned CB, offering flexibility for a variety of commercial development projects. Its proximity to a wealth of existing retail, restaurants, multi-family residences, and entertainment venues ensures high visibility and strong potential for attracting customers and tenants. The property's address is 310 W. 7th Street, Winston-Salem, NC 27101, and its APN is 6835-18-1549. This is a unique chance to capitalize on the ongoing revitalization of this dynamic area and create a thriving commercial venture. The asking price for this exceptional property is $600,000. Don't miss this opportunity to secure a piece of Winston-Salem's exciting future. Contact us today to learn more about this exceptional development opportunity.

    Property Features for 0 7 St

    General Information

    Property type
    Land
    Lot Size
    24,394 SF

    HighLights

    • 0.56‑acre commercial land parcel in Winston‑Salem, NC.
    • Prime location at W. 7th & N. Marshall Streets, in the Industry Hill submarket and Arts District.
    • CB zoning allows for diverse commercial development.
    • High visibility and strong tenant/customer potential due to nearby retail, restaurants, and residences.
    • Address: 310 W. 7th Street, Winston‑Salem, NC 27101; APN: 6835‑18‑1549.
    • Asking price: $600,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2558065
    Latitude
    36.1027195

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    FAQs

    What type of property is this?
    Land - Prime .56-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 7 St Winston-Salem, NC.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 0.56-acre commercial land parcel in Winston-Salem, NC.; Prime location at W. 7th & N. Marshall Streets, in the Industry Hill submarket and Arts District.; CB zoning allows for diverse commercial development.
    Request Owner's contact information
    7 St Winston-Salem, NC 27101
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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
    7 St Winston-Salem, NC 27101
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