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300 Wendell BlvdKnightdale, NC 27545

Prime Multifamily Development Sites

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional opportunity presents two strategically located multifamily development sites within the Wendell Commerce Center Planned Use Development (PUD) in Knightdale, North Carolina. Situated on approximately 15.8 and 33.5 acres, these parcels offer a combined potential for up to 650 multifamily units, plus an additional allowance for up to 8 townhomes per acre in one zone. The property boasts a prime location at the intersection of I-87 and US 64 Business (Wendell Boulevard), benefiting from excellent access to major transportation arteries. The Wendell Commerce Center PUD is a 257-acre development poised for significant commercial and residential growth in a thriving area of Wake County. Zoning permits a variety of uses, including hotels and commercial spaces, creating a dynamic live-work-play environment. The sites are within a 20-minute drive of downtown Raleigh, Raleigh-Durham International Airport, and numerous amenities, ensuring strong demand for residential units. This presents a rare chance to capitalize on the robust growth of this high-demand area, offering significant long-term investment potential. Detailed site plans and zoning information are available upon request. The larger site (approximately 33.5 acres) also allows for up to 4 single-family homes per acre, in addition to the townhome allowance. This flexible zoning provides developers with considerable options for creating a diverse and attractive residential community. The property's location within a rapidly expanding area, coupled with its proximity to major employers and retail centers, makes it an ideal investment for discerning developers seeking a high-return opportunity.

Highlights

  • Four zoning designations allow diverse commercial and residential uses.
  • Zones 2 and 4 accommodate up to 650 multifamily units.
  • Zone 2 (approx. 15.8 acres), near US Hwy 64 Business, supports commercial and multifamily development, including hotels.
  • Zone 4 (approx. 33.5 acres) is zoned for single-family, multifamily, and up to 8 townhomes and 4 single-family homes per acre (townhomes in addition to the 650 multifamily units).

Property Details for 300 Wendell Blvd

Property type
Land
Lot Size (sq. ft)
688,248 SF

Location Insight

City
Knightdale
County
Wake
State
North Carolina
Latitude
35.803567990592
Longitude
-78.423317104476
300 Wendell Blvd, Knightdale, North Carolina

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300 Wendell Blvd
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