2825 Cole Street, Winston Salem 27107 This is a great property at an amazing price. This is 3 separate lots totaling 4.2 acres. There is also a house located on the middle lot, but it could be torn down or renovated to rent out or live in. The house is in bad shape because it's had some bad roof/water issues for a few years. There are multi units, commercial and single family. This much land is hard to come by in this great of a location! Located right near I-40. This is right off Highway 311, off the Ridgewood Rd exit (last exit off 311 before getting to I-40). Give me a call, text if you are interested in viewing the property. 55,150 Cash only please. The total land acreage is 4.2 acres. Based on the above Winston Salem lot size requirements, this 4.2 acres could be turned into 20 single family home lots. Zoned Rs-9 Please call 336-355-7985 for details! City of Winston Salem: RS-9-Residential Single Family The RS-9 District is primarily intended to accommodate relatively high density single family detached dwellings in urban areas. The minimum lot size in this district is 9,000 square feet (0.21 acre). This district is intended for application in GMAs 2, 3 and 4A. The total land acreage is 4.2 acres. Based on the above Winston Salem lot size requirements, this 4.2 acres could be turned into 20 single family home lots. Tax Value of Lot 1 = $66,766, Lot 2 = $34,888, Lot 3 = $12,586 = TOTAL = $114,240 Asking Price = $55,150 (48% of Tax Value)
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