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300 Wendell Blvd Knightdale, NC 27545

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Prime Multifamily Development Sites

Description

Added:
Dec 11, 2024
Days on Market:
393
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.

Property Features for 300 Wendell Blvd

General Information

Property type
Multifamily properties
Lot Size
688,248 SF

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 Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store HVAC Service Garden Center Electronics Store Cafe & Coffee Shop Car Rental

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

Location Insight

  • Map
  • Local Demand
City
Knightdale
County
Wake
State
North Carolina
Longitude
-78.423317104476
Latitude
35.803567990592

FAQs

What type of property is this?
Multifamily property - Prime Multifamily Development Sites
Where is this multifamily property located?
The property is located at 300 Wendell Blvd Knightdale, NC.
What are key features of this property?
This property features: 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.
More about this property
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