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    OFF-MARKET
    Land

    0 Peters Creek Pkwy, Winston-Salem, NC 27127

    15.67 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 15.67-acre parcel presents a unique investment opportunity in Winston-Salem, North Carolina. Located at the intersection of Peters Creek Parkway and Brannigan Village Drive, the property boasts excellent visibility and accessibility. While a significant portion of the land lies within a floodplain, a substantial upland area of 2.4 acres is currently buildable, offering immediate development potential. The remaining acreage presents opportunities for future development, subject to necessary permitting and floodplain mitigation strategies. The property is zoned RS9, designating it for residential use. This prime location offers significant advantages for residential development, given its high visibility and convenient access to major roadways. The level topography of the buildable area simplifies construction planning and reduces potential site preparation costs. Detailed surveys and engineering studies will be necessary to fully assess the development potential of the entire property, including the floodplain areas. This property is ideal for developers seeking a strategically located site with immediate buildable land and significant expansion possibilities. The asking price for this exceptional land parcel is $1,900,000.

    Property profile
    Verified
    Property type Land
    Lot 15.67 ac (682,585 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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