Waterstone Multifamily Group is pleased to present this land development opportunity in Winston-Salem.
Property details include:
Acreage: 7.95 Acres
Land Class: 92.00 Vacant MF Res
Development Potential
Property is approved with the city for 180 units with a mix of 1 bedroom and 2 bedrooms
Site Plan has already been drawn that could be reused
Rental Values in the immediate area are between $.90 and $1.10 a square foot. Property is ideally located with access less than 5 minutes from both I-40 and I-285 which are the major interstates within Winston-Salem. It is also walking distance to retail, restaurant and grocery options.
The Winston-Salem area was ranked by CBS Money Watch as one of the 10 best places to retire in America. The downtown area which is approximately 10 minutes away was ranked as the 2nd most livable downtown in America per the New York Times and Wall Street Journal. Winston-Salem is also home to the headquarters for 2 major food service operators, K&W Cafeteria and Krispy Kreme Doughnuts. It also has a major research university in Wake Forest and a large regional school, Winston-Salem State University. The area also boasts regional medical facilities with both Wake Forest Baptist Medical Center and Novant Health employing almost 20,000 people.
