Land

  • Sale price $2,981,000
  • Lot size 59.62 acres
  • Price/acre $50,000
  • PIN 6854-34-9641 / 6854-33-1619
  • Zoning RM18-S

Avison Young and eXp Commercial are pleased to present an excellent investment opportunity, 0 Cole Road, Winston-Salem, North Carolina 27107 (the “Property”). This ±59.62-acre site offers an approved site plan for multifamily and townhome development, strategically located with direct frontage along Interstate 40. Currently zoned RM18-S, the property is designated for medium-density residential use with special conditions, making it well-suited for a thoughtfully planned community targeting middle to upper-income residents. The site’s scale, visibility, and accessibility also position it as a strong candidate for rezoning or special-use approval to accommodate mixed-use elements, such as neighborhood retail or community amenities. Located within the dynamic Piedmont Triad region, the property benefits from excellent connectivity to I-40, I-74, and US-52, and is supported by a robust infrastructure and workforce. With utilities available and a generally level topography, the site is development-ready and represents a rare opportunity for investors and developers to deliver a high-quality residential project in one of North Carolina’s most active growth corridors.

Approved for 354 apartment units and 78 townhome units

Site has access to City of Winston-Salem water & sewer

Situated near downtown Winston-Salem with convenient access to major highways

Currently approved for multifamily and townhome development
Ideal for multifamily, townhome, or storage/warehouse projects

Offers the opportunity to create a high-quality residential community in a desirable area

Positioned to attract middle to upper-income residents seeking an upscale living environment

Downloads

Offering Memorandum

Team

Bill Aucoin

Bill Aucoin

Vice President, Sales & Leasing
Avison Young - US - NC - Raleigh

Daniel Cheng

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