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    1970 Lake Pine Dr Apex, NC 27502

    Sponsored
    For Sale
    $725,000

    0.97 Acres, High Traffic Area, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.97-acre commercial land parcel presents a unique investment opportunity in the thriving Apex, North Carolina market. Located at 1970 Lake Pine Dr, this property boasts a highly desirable location at the intersection of US Highway 64 and Lake Pine Drive, experiencing significant daily traffic volume of approximately 41,000 vehicles. The property's strategic position offers unparalleled visibility and accessibility, placing it in close proximity to major retail anchors such as Costco and Harris Teeter, as well as the expansive 160-acre Apex Community Park. The parcel is zoned PC-CU (Planned Commercial - Conditional Use), providing flexibility for a wide range of commercial developments. Permitted uses include, but are not limited to, daycare centers, drive-thru restaurants, medical offices, various retail establishments, and auto service and repair facilities. The property's APN is 0752254266. This prime location, combined with its versatile zoning and high traffic count, makes this land ideal for savvy investors seeking a high-return commercial development project in a rapidly growing area. The asking price for this exceptional opportunity is $725,000. Don't miss this chance to secure a piece of Apex's vibrant commercial landscape.

    Property Features for 1970 Lake Pine Dr

    General Information

    Property type
    Land
    Lot Size
    42,253 SF

    HighLights

    • 0.97‑acre commercial lot in Apex, NC.
    • Planned Commercial - Conditional Use (PC‑CU) zoning.
    • Permitted uses include daycare, drive‑thru restaurants, medical offices, retail, and auto service.
    • High traffic count: 41,000 vehicles daily on US Highway 64.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.822829154075
    Latitude
    35.742398229134

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    FAQs

    What type of property is this?
    Land - 0.97 Acres, High Traffic Area, Development Ready
    Where is this land located?
    The property is located at 1970 Lake Pine Dr Apex, NC.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: 0.97-acre commercial lot in Apex, NC.; Planned Commercial - Conditional Use (PC-CU) zoning.; Permitted uses include daycare, drive-thru restaurants, medical offices, retail, and auto service.
    (919) 576-2501
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    1970 Lake Pine Dr Apex, NC 27502
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    Apex, NC 27502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1970 Lake Pine Dr Apex, NC 27502
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