1.52 Acre Walmart Outparcel
480 East Hanes Mill Road : Winston-Salem, NC 27105
Forsyth County, North Carolina
Land Description
Ri Marketplace Online Auction March 23-25, 2026
Register to bid on Marketplace
Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire the fee simple interest in ±1.52 acres of commercial land adjacent to 480 E Hanes Mill Road, in Winston-Salem, NC (the “Property”). The Property represents a compelling opportunity for investors, developers, or owner-users to acquire a well-located development site adjacent to Walmart and surrounded by big box retailers. First BID Meets Reserve.
The Property benefits from visibility along E Hanes Mill Road (±16,055 Vpd) and just off University Pkwy (±24,775 Vpd), providing strong visibility and accessibility. Situated in a Walmart anchored retail center, the Property is well-positioned to capture both commuter and neighborhood traffic serving the surrounding North Winston-Salem trade area. The current zoning district for the Property is Hb-S, Highway Business District allowing for a variety of commercial uses including retail, grocery, drug store, banking, restaurant, and more.
Winston-Salem is a major economic and cultural hub in the Piedmont Triad, strategically positioned where Interstates?40 and?85 converge, providing strong regional connectivity between Charlotte, Raleigh, and Greensboro. Its economy is diversified across healthcare, education, manufacturing, and technology, anchored by major institutions such as Wake Forest Baptist Health, Novant Health, and Winston-Salem State University, which together support a robust daytime population and stable commercial demand. The Property offers convenient access to major transportation routes, located just ±1.5 miles from I-74 (64,252 Vpd), with additional connectivity via US Hwy 52 (55,978 Vpd) and University Parkway (24,775 Vpd). The surrounding retail corridor includes Walmart, Lowe's, Home Depot, Sam's Club, Ross, PetSmart, Marshalls, Hibbett Sports, Dollar Tree, and Chick-fil-A, generating strong tenant synergy and consistent crossover traffic. Supported by dense demographics and proximity to daily-needs retail, the Property is well positioned for future commercial development and long-term investment upside. The Property is located in an area that serves 30,460 people within a 3-mile area and ±78,435 individuals with an Ahhi of ±$70,250 within a 5-mile area further enhancing the area's retail potential. 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
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.
