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    2020 Westwood Ave Wilson, NC 27893

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    For Lease
    Contact for pricing

    0.75-Acre Commercial Lot, Build-to-Suit Potential

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 0.75-acre commercial land parcel presents a unique investment opportunity in the thriving city of Wilson, North Carolina. Located at 2020 Westwood Ave, zip code 27893, this property boasts a conveniently located, graded pad ready for immediate development. The site already includes ample parking, accommodating up to 23 vehicles, and a designated dumpster pad, streamlining operational logistics. The zoning is designated as Commercial, offering remarkable flexibility for a wide array of business ventures. Potential uses include, but are not limited to, restaurants, retail establishments, automotive service centers, medical facilities, or office spaces. The property's size and existing infrastructure make it ideal for a build-to-suit project or a long-term ground lease arrangement. With its prime location and versatile zoning, this property represents a compelling investment prospect for entrepreneurs and developers seeking a strategic foothold in a dynamic market. The total buildable square footage is 4,000 square feet. This is a single-tenant property. This is a prime opportunity to establish a successful business in a high-traffic area of Wilson, NC. The property is ready for immediate development, saving time and resources for the future owner.

    Property Features for 2020 Westwood Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF

    Unit(s) available at that property

    Space
    Size
    32,670 SF

    HighLights

    • 0.75‑acre commercial lot in Wilson, NC (27893) at 2020 Westwood Ave.
    • Ready for immediate development with a graded pad and ample parking (23 spaces).
    • Commercial zoning allows for diverse uses including restaurants, retail, automotive, medical, or office.
    • 4,000 square foot buildable area; single‑tenant property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilson
    County
    Wilson
    State
    North Carolina
    Longitude
    -77.953518601818
    Latitude
    35.732331317165

    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Land - 0.75-Acre Commercial Lot, Build-to-Suit Potential
    Where is this land located?
    The property is located at 2020 Westwood Ave Wilson, NC.
    What are key features of this property?
    This property features: 0.75-acre commercial lot in Wilson, NC (27893) at 2020 Westwood Ave.; Ready for immediate development with a graded pad and ample parking (23 spaces).; Commercial zoning allows for diverse uses including restaurants, retail, automotive, medical, or office.
    Request Owner's contact information
    2020 Westwood Ave Wilson, NC 27893
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    Wilson, NC 27893
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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
    2020 Westwood Ave Wilson, NC 27893
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