For Sale
$750,000

1125 Main StWake Forest, NC 27587

1.88 acres, prime location, high growth

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 1.88-acre commercial land parcel, encompassing 1125 and 1137 South Main Street in Wake Forest, NC, presents a unique investment opportunity. Currently zoned GR3 (General Residential), rezoning to "Neighborhood Commercial" (NB) is anticipated by June 30, 2025, per the Town of Wake Forest planning department. Strategically located near the intersection of Dr. Calvin Jones Highway (Hwy 98 Bypass) and South Main Street, this property enjoys high visibility and accessibility. Existing driveways provide convenient access from South Main Street. Wake Forest boasts impressive growth projections, exceeding 118,000 residents by 2040, with a median household income of $115,159. This thriving community features a highly educated workforce and is served by the award-winning Wake County Public Schools system. Proximity to RDU Airport (40 minutes) and the planned S-Line passenger rail (by 2030) further enhances its appeal. The property's location across from Lidl and near The Lodge at Wake Forest underscores its potential for significant return. The seller will not sell the lots separately. The asking price is $750,000. North Carolina's favorable tax climate, with a low corporate income tax rate (2.5%, phasing out by 2030), adds to the investment's attractiveness. Wake Forest's blend of historic charm and modern amenities creates a desirable environment for businesses and residents alike.

Highlights

  • 1.88-acre commercial land parcel at 1125 & 1137 South Main Street, Wake Forest, NC, listed at $750,000.
  • Currently zoned GR3, anticipated rezoning to NB by June 30, 2025.
  • High-visibility location near Hwy 98 Bypass and South Main Street with existing driveways.
  • Wake Forest's projected population exceeds 118,000 by 2040, with a $115,159 median household income.
  • Proximity to Lidl, The Lodge at Wake Forest, RDU Airport (40 min), and planned S-Line passenger rail.

Property Details for 1125 Main St

Property type
Land
Lot Size (sq. ft)
81,893 SF

Location Insight

City
Wake Forest
County
Wake
State
North Carolina
Latitude
35.965537
Longitude
-78.516897
1125 Main St, Wake Forest, North Carolina

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1125 Main St
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