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2607 Cole Rd - Development Opportunity I-40/I-74 3.13 Acres of Commercial Land Offered at $495,440 CAD in Winston-Salem, NC 27107
Investment Highlights
- Development site in southeast Winston-Salem
- Convenient location, surrounded by existing multi-family product
- Apartment development potential by right for up to 50 units
- Seller would consider owner financing or joint venture with acceptable terms
Executive Summary
Development site in southeast Winston-Salem, NC. Apartment development potential by right for up to 50 units. Very convenient location and surrounded by existing multi-family product. Great for affordable housing, market-rate apartments, or an institutional type product. Seller would consider owner financing or joint venture with acceptable terms.
3.13+/- AC with direct access to I-74/I-40
Zoning: LO (Limited Office)
Initial site plans have potential for multifamily,
townhomes or 13,200 SF office building
Owner financing option available
3.13+/- AC with direct access to I-74/I-40
Zoning: LO (Limited Office)
Initial site plans have potential for multifamily,
townhomes or 13,200 SF office building
Owner financing option available
Property Facts
| Price | $495,440 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.13 AC |
| Property Type | Land | ||
| Zoning | LO - Limited Office | ||
| Price | $495,440 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.13 AC |
| Zoning | LO - Limited Office |
1 Lot Available
Lot
| Price | $495,440 CAD | Lot Size | 3.13 AC |
| Price Per AC | $158,287.67 CAD |
| Price | $495,440 CAD |
| Price Per AC | $158,287.67 CAD |
| Lot Size | 3.13 AC |
Development site in southeast Winston-Salem, NC. Apartment development potential by right for up to 50 units. Seller would consider owner financing or joint venture with acceptable terms.
Description
Development site in southeast Winston-Salem, NC. Apartment development potential by right for up to 50 units. Very convenient location and surrounded by existing multi-family product. Great for affordable housing, market-rate apartments, or an institutional type product. Seller would consider owner financing or joint venture with acceptable terms.
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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2607 Cole Rd - Development Opportunity I-40/I-74
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