For Sale
$1,100,000

0 Main StWake Forest, NC 27587

High-traffic corner lot, Hwy 98 & US 1-A

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional commercial land assemblage in Wake Forest, NC, presents a unique investment opportunity. Located on the corner of South Main Street, at the intersection of Highway 98 and US 1-A, this property comprises three separate lots owned by three different parties. Therefore, offers must be structured to accommodate individual owners, either through separate offers or a single Letter of Intent/Purchase and Contract representing all owners. Detailed owner information is available in a provided memorandum. The property's prime location offers significant potential, but prospective buyers should be aware that a Traffic Improvement Study (TIS) may be required as part of any master plan development, with the buyer responsible for the TIS costs. The Town of Wake Forest is currently updating its Unified Development Ordinance (UDO) and Land Use Maps, which includes potential rezoning of these properties for commercial use. While rezoning is anticipated, a buyer could pursue rezoning independently through the planning board and board of commissioners. A drone video and further details are available online. The asking price for this assemblage is $1,100,000. This is a rare opportunity to acquire a significant commercial parcel in a rapidly growing area.

Highlights

  • Exceptional commercial land assemblage in Wake Forest, NC, totaling $1,100,000 asking price.
  • Prime corner location at South Main Street, Highway 98, and US 1-A intersection.
  • Three separate lots, requiring offers structured for individual owners or a single contract encompassing all.
  • Potential rezoning for commercial use, pending Town of Wake Forest UDO updates; buyer may pursue rezoning independently.
  • Traffic Improvement Study (TIS) may be required for master plan development, with buyer responsible for costs.

Property Details for 0 Main St

Property type
Land

Location Insight

City
Wake Forest
County
Wake
State
North Carolina
Latitude
35.965307511196
Longitude
-78.517814675163
Main St, Wake Forest, North Carolina

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0 Main St
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