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1 & Durham Rd HwyRaleigh, NC 27587

Prime 370,000 SF Restaurant/Retail Space

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 370,000-square-foot retail and restaurant property presents a unique investment opportunity in Wake Forest, North Carolina. Situated on a substantial 175-acre lot at the high-traffic intersection of Capital Boulevard (US 1) and Durham Road (Highway 98), this single-tenant building offers unparalleled visibility and accessibility. The property's strategic location provides convenient access to a rapidly expanding market, less than 15 miles from downtown Raleigh, a key component of one of the nation's fastest-growing Metropolitan Statistical Areas. The entire building is currently vacant, presenting a blank canvas for a visionary developer or tenant seeking a large-scale presence in this thriving area. The property's mixed-use zoning allows for flexibility in development plans, catering to a wide range of commercial ventures. With its expansive size and prime location, this property is ideally suited for a large-format restaurant, a multi-tenant retail complex, or a combination of both. The significant lot size offers ample room for expansion, additional parking, or complementary development. This is a rare opportunity to acquire a substantial property in a high-growth market with significant potential for long-term returns. The property is located in Wake County, North Carolina, with a zip code of 27587.

Highlights

  • New mixed-use development on heavily trafficked Capital Blvd (US 1), 51,500 VPD.
  • 175-acre site with 350,000 SF of commercial space, 900 Class A apartments, and 150 townhomes.
  • Rare direct Capital Blvd (US 1) access.
  • Permanent access point unaffected by future NCDOT improvements.
  • 307% population increase since 2000.
  • 3.29% annual population growth rate.

Property Details for 1 & Durham Rd Hwy

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
370,000 SF

Unit(s) available at that property

Space
Available Space
Size
370,000 SF

Location Insight

City
Raleigh
County
Wake
State
North Carolina
Latitude
35.9710939
Longitude
-78.5565509
1 & Durham Rd Hwy, Raleigh, North Carolina

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1 & Durham Rd Hwy
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