Property summary
This exceptional 48.48-acre land parcel in Winston-Salem, North Carolina, presents a remarkable opportunity for residential development. Located on Valley Road, near the intersection of Yadkinville Road and Reynolda Road, this property boasts convenient access to downtown Winston-Salem and a wealth of amenities. Currently zoned RS-9, the land is approved for at least 24 single-family units, offering significant potential for a substantial residential project. The area is characterized by its natural beauty and strong connectivity, with numerous retail options nearby, including Walgreens, Food Lion, Planet Fitness, Starbucks, Harris Teeter, Panera Bread, Verizon, Sheetz, and Lidl. Residents will enjoy proximity to Forsyth-Memorial Park, Polo Park, and C G Hill Memorial Park. The property benefits from its location within the thriving Piedmont Triad region, offering easy access to major city centers like Greensboro, High Point, Charlotte, and Raleigh/Durham. Winston-Salem's robust economy, fueled by institutions like Wake Forest University and Winston-Salem State University, and major employers such as Atrium Health Wake Forest Baptist Medical Center, Novant Health, Truist, and Wells Fargo, ensures a strong market for residential development. The property's location within a five-mile radius boasting average household incomes exceeding $92,000 further enhances its investment appeal. Water and sewer services are available. The Forsyth County APN is 6817-05-1197. This is a truly exceptional opportunity for investors and developers seeking a prime residential development site in a rapidly growing market.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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Zoning
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