Property profile

0 Fayette St Winston-Salem, NC 27101

OFF-MARKET
Land
0.28 ac lot
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Property summary

AI-generated overview

This auction presents an exceptional opportunity to acquire two combined infill lots totaling 0.28 acres in Winston-Salem's desirable West End. Strategically located at the corner of Fayette St NW and W First St, this property boasts 130.3 feet of frontage on Fayette St NW and 125 feet on W First St (Lot #1). The lots are situated directly across from Truist Stadium, home of the Winston-Salem Dash, and are surrounded by modern apartment complexes and established commercial businesses. This prime location offers excellent visibility, being just 200 feet from Peters Creek Parkway and a quarter mile from Hwy 421, Exit 234A. The PB-S zoning allows for a variety of commercial and residential uses, making this an ideal development opportunity. The lots are mostly cleared, with existing metal fence-lined sidewalks along the south and east perimeters and cut-curb access to Lot #1 along W First St. A topography map is available. The auction features online bidding, beginning November 5th, 2024, at 3:00 PM and concluding November 12th, 2024, at 3:00 PM. The suggested opening bid is $10,000, and seller financing is available. Bidders can choose to bid on the lots individually or combined. Prospective buyers are encouraged to conduct their own on-site inspections. This is a rare chance to secure a highly visible and versatile property in a thriving area of Winston-Salem. The PB-S zoning, detailed in the provided documents, permits office, retail, service, institutional, and high-density residential uses.

Property profile

Verified
Property type Land
Lot 0.28 ac (12,197 SF)

Cap rate & NOI

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

Location

Fayette St Winston-Salem, NC 27101
Winston-Salem metro
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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