I-40 & Cole Road Assemblage
Land | 59.62 acres
Marketing description
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.
Investment highlights
- 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
- High visibility and accessibility from Interstate 40
- Ready-to-develop with essential infrastructure in place
- Excellent long-term value in a growing market
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