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Former McDonald's Site 7844 North Point Blvd 1.23 Acres of Commercial Land Online Auction Sale Winston-Salem, NC 27106
Investment Highlights
- Rare infill development opportunity offers 1.23 acres of paved land with utility access and GB zoning for numerous commercial and residential uses.
- Prime location, less than five minutes from Wake Forest University, placing future projects near an affluent student and faculty population.
- Flexible zoning supports multifamily, medical, office, restaurant, retail, convenience store, brewery, daycare, and drive-thru development concepts.
- Highly visible near the North Point Boulevard and University Parkway intersection, which sees traffic counts of over 43,000 vehicles per day.
Executive Summary
Positioned just five minutes from Wake Forest University, this 1.23-acre mixed-use development site at 7844 North Point Boulevard offers investors and developers a valuable opportunity in one of Winston-Salem's most established commercial corridors. The paved parcel features access to all utilities and flexible GB (General Business District) zoning that supports a wide range of uses, including multifamily, medical, office, restaurant, retail, convenience store, day care, car wash, brewery development, and more.
Surrounded by apartment communities, shopping centers, professional offices, restaurants, and entertainment venues, the property benefits from an existing customer base and strong neighborhood infrastructure. Its location near Wake Forest University, where students come from households with an estimated median income exceeding $220,000, supports demand for housing, retail, dining, healthcare, and daily services.
The site's development potential is further reinforced by favorable market fundamentals. More than half of households within a five-mile radius are renters, creating a strong backdrop for residential projects, while the Northwest Forsyth County retail market has maintained a low average vacancy rate of 3.7% over the past 5 and 10 years. With multiple development paths and proven demand in the area, this property is well-positioned for long-term value creation.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Ownership has additional listings; please see all available listing URLs here:
• 1800 36th Ave, Moline, IL 61265: https://www.loopnet.com/Listing/1800-36th-Ave-Moline-IL/41708014/
• 2920 NE Adams St, Peoria, IL 61603: https://www.loopnet.com/Listing/2920-NE-Adams-St-Peoria-IL/38476259/
• 1050 Valley St, Minerva, OH 44657: https://www.loopnet.com/Listing/1050-Valley-St-Minerva-OH/33910057/
• 661 Griswold Rd, Elyria, OH 44035: https://www.loopnet.com/Listing/661-Griswold-Rd-Elyria-OH/6844303/
• 3034 Mahoning Ave, Youngstown, OH 44509: https://www.loopnet.com/Listing/3034-Mahoning-Ave-Youngstown-OH/41316602/
• 5416 Ridge Ave, Cincinnati, OH 45213: https://www.loopnet.com/Listing/5416-Ridge-Ave-Cincinnati-OH/41708026/
• 2799 N 22nd St, Decatur, IL 62526: https://www.loopnet.com/Listing/2799-N-22nd-St-Decatur-IL/41708000/
• 609 Chemung St, Horseheads, NY 14845: https://www.loopnet.com/Listing/609-Chemung-St-Horseheads-NY/41707996/
• 2810 Florida 71, Marianna, FL 32446: https://www.loopnet.com/Listing/2810-Florida-71-Marianna-FL/41707992/
• 800 US-67, Walnut Ridge, AR 72476: https://www.loopnet.com/Listing/800-US-67-Walnut-Ridge-AR/41791721/
• 1411 E 2nd St, Jamestown, NY 14701: https://www.loopnet.com/Listing/1411-E-2nd-St-Jamestown-NY/41708006/
Surrounded by apartment communities, shopping centers, professional offices, restaurants, and entertainment venues, the property benefits from an existing customer base and strong neighborhood infrastructure. Its location near Wake Forest University, where students come from households with an estimated median income exceeding $220,000, supports demand for housing, retail, dining, healthcare, and daily services.
The site's development potential is further reinforced by favorable market fundamentals. More than half of households within a five-mile radius are renters, creating a strong backdrop for residential projects, while the Northwest Forsyth County retail market has maintained a low average vacancy rate of 3.7% over the past 5 and 10 years. With multiple development paths and proven demand in the area, this property is well-positioned for long-term value creation.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Ownership has additional listings; please see all available listing URLs here:
• 1800 36th Ave, Moline, IL 61265: https://www.loopnet.com/Listing/1800-36th-Ave-Moline-IL/41708014/
• 2920 NE Adams St, Peoria, IL 61603: https://www.loopnet.com/Listing/2920-NE-Adams-St-Peoria-IL/38476259/
• 1050 Valley St, Minerva, OH 44657: https://www.loopnet.com/Listing/1050-Valley-St-Minerva-OH/33910057/
• 661 Griswold Rd, Elyria, OH 44035: https://www.loopnet.com/Listing/661-Griswold-Rd-Elyria-OH/6844303/
• 3034 Mahoning Ave, Youngstown, OH 44509: https://www.loopnet.com/Listing/3034-Mahoning-Ave-Youngstown-OH/41316602/
• 5416 Ridge Ave, Cincinnati, OH 45213: https://www.loopnet.com/Listing/5416-Ridge-Ave-Cincinnati-OH/41708026/
• 2799 N 22nd St, Decatur, IL 62526: https://www.loopnet.com/Listing/2799-N-22nd-St-Decatur-IL/41708000/
• 609 Chemung St, Horseheads, NY 14845: https://www.loopnet.com/Listing/609-Chemung-St-Horseheads-NY/41707996/
• 2810 Florida 71, Marianna, FL 32446: https://www.loopnet.com/Listing/2810-Florida-71-Marianna-FL/41707992/
• 800 US-67, Walnut Ridge, AR 72476: https://www.loopnet.com/Listing/800-US-67-Walnut-Ridge-AR/41791721/
• 1411 E 2nd St, Jamestown, NY 14701: https://www.loopnet.com/Listing/1411-E-2nd-St-Jamestown-NY/41708006/
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Property Facts
| Property Type | Land | Total Lot Size | 1.23 AC |
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Zoning | GB - General Business District | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 1.23 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | GB - General Business District |
1 Lot Available
Lot
| Lot Size | 1.23 AC | Parcel Number | 6827-36-5248 |
| Lot Size | 1.23 AC |
| Parcel Number | 6827-36-5248 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Sale Advisor
Sale Advisor
Bob Anderson, Broker
Bob Anderson combines 25 years of real estate experience with 15 years in advertising, corporate communication and design. He works with retailers and developers on site selection and acquisition, bringing a keen ability to understand client objectives, communicate effectively with all parties, and navigate development and rezoning processes. Bob has been serving Freeman Commercial Real Estate clients for more than 15 years. He has been a longtime member of the Winston-Salem Regional Association of Realtors and the International Council of Shopping Centers.
A graduate of Marshall University, Bob grew up in Winston-Salem but was born in Nebraska, which explains the Anderson clan’s support of the Cornhuskers. Bob and his wife Cindy enjoy spending time at home on the old family farm and visits from their 4 grown children and wonderful granddaughter.
A graduate of Marshall University, Bob grew up in Winston-Salem but was born in Nebraska, which explains the Anderson clan’s support of the Cornhuskers. Bob and his wife Cindy enjoy spending time at home on the old family farm and visits from their 4 grown children and wonderful granddaughter.
About the Auction Technology
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Auction Contact
Molly Patten
Contact
Ten-X Licensing:
Ten-X, LLC Samantha Corbat RE Brkr C34060. Ten-X, LLC Auction Firm 10478. NCALB Disclosure: Broker Contact is the Seller’s Real Estate Listing Agent providing real estate services only. Broker Contact is not acting as an Auctioneer.
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Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Former McDonald's Site | 7844 North Point Blvd
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Former McDonald's Site | 7844 North Point Blvd
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