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    OFF-MARKET
    Land

    109 Thomasville Rd At Gumtree Rd, Winston-Salem, NC 27107

    0.73 ac lot
    Property ID
    Property summary
    AI-generated overview

    This 0.73-acre lot is ideally situated in Wallburg, North Carolina, at the intersection of NC 109 (Thomasville Road) and Gumtree Road. The property boasts a highly desirable location in a thriving suburban community serving both South Winston-Salem and areas north of High Point. The site is fully improved, featuring grading and existing parking, along with an offsite stormwater pond, minimizing development costs and expediting the construction process. Its strategic placement ensures high visibility and accessibility, benefiting from significant traffic flow on NC 109. The property is zoned to allow alcohol sales for sit-down restaurants, presenting a unique opportunity for various commercial ventures. The area enjoys a strong commercial presence, with co-tenants including McDonald's, a gas/convenience store, and a small strip center. Further enhancing the location's appeal is the proximity to numerous established businesses such as Food Lion, CVS, Sheetz, Wendy's, LSB Bank, Advance Auto, Domino's, Little Richard's BBQ, and the Timco Manufacturing Plant. This prime location offers exceptional potential for a variety of commercial developments, making it an attractive investment opportunity. The asking price for this fully improved 0.73-acre lot is $295,000. The property is located in Davidson County, NC, zip code 27107, with a Forsyth County address.

    Property profile
    Verified
    Property type Land
    Lot 0.73 ac (31,799 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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