Walmart Shadow 3.26 Acre Parcel

Property Description

RI Marketplace Online Auction June 9-11, 2025

Register to bid on Marketplace:

Marcus & Millichap is pleased to present 3.26 acres of undeveloped land located adjacent to 6041 University Pkwy (the “Property”) in Winston-Salem, North Carolina. The Property is offered at a substantial discount and offers an exceptional owner/user or investment opportunity with significant value enhancement potential via development.

The Property consists of a ±3.26-Acre parcel situated adjacent to Walmart and a multi-tenant shopping center. The Property is well positioned near the signalized intersection of University Pkwy and E Hanes Mill Road and benefits from combined traffic counts of 41,055 vehicles per day. The Property is in a strong retail corridor near a mix of residential and retail demand generators. Nearby retailers include Walmart, Sam's Club, Lowe's, Marshalls, Ross, PetSmart, Home Depot, Aldi, Cvs, Target, Truist Bank, O'Reilly Auto Parts, Starbucks, and more. The Property features dual zoning: approximately 0.5 acres is zoned HB (Highway Business) allowing retail, restaurant, and multi-family (special-use), while the remainder is zoned RS9 (Residential), permitting single-family homes, daycare (child or adult), and other flexible uses.

Winston-Salem is a dynamic mid-sized city in the Piedmont Triad region supported by strategic infrastructure, a skilled workforce, and proactive economic development initiatives.? Home to institutions like Wake Forest University and Winston-Salem State University, the city offers a pipeline of college educated talent. The city is situated at the intersection of major highways (I-40, I-85), providing excellent connectivity to regional markets. The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2024 population of ±78,901 people and average annual household income of ±$71,326 within a 5-mile radius. The population has experienced 3.48% growth from 2020-2024 with 4.3% growth expected to continue through 2029.

Jerry E. King

King Auction & Realty Co., Inc.

License: 1010

Nc Broker's license: 22778