Property profile

0 Westgate Center Dr Winston-Salem, NC 27103

OFF-MARKET
Land
1.12 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 1.12 ac (48,787 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Westgate Center Dr Winston-Salem, NC 27103
Winston-Salem metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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