24 Arnold Avenue - Commercial LAND FOR SALE


Winston-Salem, NC 27127- Union Ridge121,968 SF
$2,100,000 USD
336-310-6944
24 Arnold Avenue, Winston-Salem, NC for Sale
$2,100,000 USD
Commercial LAND - FOR SALE
1/6
121,968 SF

24 Arnold Avenue
Winston-Salem, NC 27127
Union Ridge


HIGHLIGHTS

  • Ideal for developers, investors, and mixed-use strategists.
  • Approved for up to 22 apartment or townhome units.
  • Rezoning process underway for HB-L (billboard use)
  • Preliminary site plan and schematic drawings available to support development vision.
  • Shovel-Ready Multifamily Development Site.
  • Builder and architect team engaged and ready to proceed.

OVERVIEW

Multifamily Development Potential: - 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. Permanent Billboard Lease Opportunity: - Rezoning process underway for HB-L (billboard use) - Proposed 14x48 digital billboard site - Highway frontage on I-285/US-52 with ~63,865 VPD - Power and access from Arnold Ave; vegetation clearance permitted Investment Summary: - Dual-income potential: advertising + multifamily - 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

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/ACRE

$750,000/AC

PRICE/SF

$17 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Multifamily & Billboard Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Multi-Family

LAND ACRES

2.8 AC

LAND SF

121,968 SF

OFFSITE IMPROVEMENTS

-

ZONING

RM8-S

APN/PARCEL ID

6833-36-2083

ASK ABOUT THIS PROPERTY

Deanna TaylorExpress Home RealtyMore Info
336-310-6944

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Deanna TaylorExpress Home RealtyMore Info
336-310-6944

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.