Property profile

1460 Old Salisbury Rd Winston-Salem, NC 27127

OFF-MARKET
Land
Property ID
US53-1608871
3.94 ac lot
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Property summary

AI-generated overview

This exceptional 3.94-acre parcel presents a prime development opportunity in Winston-Salem, North Carolina. Located at 1460 Old Salisbury Road, this property boasts an advantageous RM8-S (Small Multi-Family) zoning designation, making it ideal for the construction of a multi-family residential project. The land is priced competitively at $60,000 per acre, representing a significant value proposition for investors. With 350 feet of road frontage, the site offers excellent visibility and accessibility. Its convenient location, just half a mile from the major thoroughfare Peters Creek Parkway, ensures easy access to key amenities and transportation routes. The seller is open to exploring alternative arrangements, including a land lease or a build-to-suit option, providing flexibility for potential buyers. This is a rare chance to acquire a sizable, well-located parcel in a thriving area of Winston-Salem, Forsyth County, NC, zip code 27127. The property's strategic positioning and zoning make it an attractive investment for developers seeking to capitalize on the growing demand for multi-family housing in this desirable market. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 3.94 ac (171,626 SF)
UPID US53-1608871

Cap rate & NOI

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

Location

1460 Old Salisbury Rd Winston-Salem, NC 27127
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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