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6148 University Pkwy Winston-Salem, NC 27105

For Sale
$1,105,800

5.7 Acres, Multi-Family Potential, Winston-Salem

Description

Added:
Dec 11, 2024
Days on Market:
363
This exceptional 5.7-acre commercial land assemblage in Winston-Salem, North Carolina, presents a compelling investment opportunity. Located on University Parkway, this property boasts a prime location near shopping, amenities, and major transportation networks, including proximity to the newly constructed WS Beltway (I-74), approximately 10.6 miles away. The site is zoned RS-9 and the Winston-Salem Area Plan designates this area for up to 18 dwelling units per acre, allowing for a potential of 102 dwelling units on this parcel alone. An additional approximately 1.65 acres is available to the north, increasing the potential to 132 dwelling units. The property's high visibility along a major corridor with approximately 13,500 average annual daily traffic (AADT) further enhances its appeal. Staff may consider non-residential uses if presented as part of a unified rezoning request. The asking price is $1,105,800, translating to $194,000 per acre. Parcel numbers are 6829-22-3578

Property Features for 6148 University Pkwy

General Information

Property type
Land
Lot Size
248,292 SF

HighLights

  • High‑visibility 5.7‑acre commercial land assemblage on University Parkway, Winston‑Salem, NC, with ±13,500 AADT.
  • Approximately 10.6 miles from the newly constructed WS Beltway (I‑74).
  • Winston‑Salem Area Plan allows for 8.1‑18 dwelling units per acre (potential for 102+ units with adjacent 1.65‑acre parcel).
  • Adjacent to LB‑zoned property to the south.
  • Nearby southwest property recently rezoned for multifamily development.
  • Adjacent 1.65‑acre parcel available for expansion.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage 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
-80.279727
Latitude
36.194957

FAQs

What type of property is this?
Land - 5.7 Acres, Multi-Family Potential, Winston-Salem
Where is this land located?
The property is located at 6148 University Pkwy Winston-Salem, NC.
What is the asking price?
The asking price for this property is $1,105,800.
What are key features of this property?
This property features: High-visibility 5.7-acre commercial land assemblage on University Parkway, Winston-Salem, NC, with ±13,500 AADT.; Approximately 10.6 miles from the newly constructed WS Beltway (I-74).; Winston-Salem Area Plan allows for 8.1-18 dwelling units per acre (potential for 102+ units with adjacent 1.65-acre parcel).
More about this property
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