0 Cole Road
Winston Salem, NC
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 exceptional investment opportunity at 0 Cole Road, Winston-Salem, North Carolina 27107 (the “Property”). This ±59.62-acre site features an approved site plan for multifamily and townhome development and is strategically positioned 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.
Originally zoned for industrial use, the property was rezoned to multifamily by the current ownership. In addition to its approved residential entitlements, the site offers potential flexibility for future rezoning back to Industrial or Flex.
The property is located within one of Forsyth County’s fastest-growing corridors and stands to benefit from significant nearby investment. In June 2026, Cone Health announced plans for a $320 million hospital campus on Cole Road, further reinforcing the area’s growth trajectory and increasing demand for housing, services, and supporting commercial development.
With excellent connectivity to I-40, I-74, and US-52, available utilities, and generally level topography, the site is development-ready and represents a rare opportunity to capitalize on the continued growth of the Piedmont Triad region. The combination of approved residential entitlements, strong transportation access, nearby investment, and potential industrial or flex redevelopment options positions the Property for long-term value creation and sustained market demand.
