Property profile

4143 Patterson Ave Winston-Salem, NC 27105

FOR SALE
Commercial land
Property ID
US53-0722591
9.62 ac lot
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 9.623-acre commercial land parcel presents a prime investment opportunity in Winston-Salem, North Carolina. Located at 4143 Patterson Avenue, this property boasts a highly desirable HB (General) zoning designation, allowing for a wide range of retail development possibilities. The site benefits from convenient access to I-74 (Highway 52), ensuring excellent visibility and accessibility for potential businesses. All utilities are available on-site, simplifying the development process. The property's strategic location is further enhanced by its adjacency to a Pull-A-Part business, providing significant potential for synergistic development and increased foot traffic. This substantial land area offers ample space for a variety of commercial ventures, making it an attractive proposition for investors seeking a high-growth location in Forsyth County. The asking price for this exceptional property is $399,000. The property is situated in the 27105 zip code.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 9.62 ac (419,047 SF)
Zoning code HB
APN 6828-90-6809.00
UPID US53-0722591

Cap rate & NOI

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

Location

4143 Patterson Ave Winston-Salem, NC 27105
Winston-Salem metro Census 1500 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$185k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2024
Last sale
$185,000
3 recorded transactions
2024
Price N/A
2024
$185,000
2022
Price N/A

Zoning & alternative use

HB · Winston Salem, NC
Zoning description

The HB District is primarily intended to accommodate retail service, distributive uses, and high-density residential

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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