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24 Arnold Avenue - 2.8 acres Raw Land/Multifamily Zoned Site 2.8 Acres of Residential Land Offered at $365,000 in Winston-Salem, NC 27127
Investment Highlights
- Ideal for developers, investors, and mixed-use strategists.
- Preliminary site plan and schematic drawings available to support development vision.
- Approved for 18 townhome units.
- Shovel-Ready Multifamily Development Site.
Executive Summary
- 2.8-acre infill site entitled for 18 townhomes
- Alternative use: 22-unit apartment building under RM-8 zoning
- Full engineering and site design plans completed and paid
- Public water/sewer available; strong local rental demand
- Zoning: RM-8; infill site 4.1 miles from downtown.
- Highway frontage on I-285/US-52 with ~63,865 VPD
- Power and access from Arnold Ave; vegetation clearance permitted
Investment Summary:
- OOH operators, 1031 investors, and developers welcome
- Plans, drawings, and site work already completed - saves 6-9 months
- Rare chance to acquire a cash-flowing site with development upside
Property Facts
| Price | $365,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 2.80 AC |
| Property Type | Land | ||
| Zoning | RM8-S - - Multifamily | ||
| Price | $365,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 2.80 AC |
| Zoning | RM8-S - - Multifamily |
1 Lot Available
Lot
| Price | $365,000 | Lot Size | 2.80 AC |
| Price Per AC | $130,357.14 |
| Price | $365,000 |
| Price Per AC | $130,357.14 |
| Lot Size | 2.80 AC |
Well-located 2.8AC in Winston-Salem with already approved plans for 18 townhomes. Ideal location for build-to-rent development with efficient layout ready for execution. South of downtown near many thoroughfares -Peters Creek Pkwy, W Clemmonsville Rd
Description
Well-located 2.8AC in Winston-Salem with already approved plans for 18 townhomes. Ideal location for build-to-rent development with efficient layout ready for execution. South of downtown near many thoroughfares (Peters Creek Pkwy, W Clemmonsville Rd). - Zoning: Multifamily Residential RM8-S - Development Potential: Conceptual site layout supports up to 22 apartment or townhome units - Utilities: Municipal water and sewer available; buyer to verify connection points and capacity - Highway frontage on I-285/US-52 with ~63,865 VPD - Power and access from Arnold Ave - Frontage on South Main Street
Property Taxes
| Parcel Number | 6833-36-2083 | Improvements Assessment | $0 |
| Land Assessment | $131,500 | Total Assessment | $131,500 |
Property Taxes
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24 Arnold Avenue - 2.8 acres Raw Land/Multifamily Zoned Site
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