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    Franklin St Wake Forest, NC 27587

    Sponsored
    For Sale
    $1,250,000

    1.1-Acre Commercial Lot, Wake Forest, NC

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.1-acre commercial parcel presents a unique investment opportunity in the thriving Holding Village area of Wake Forest, North Carolina. Located on South Franklin Street, this property boasts prominent visibility and high traffic counts, with approximately 20,000 cars passing daily. The lot is zoned NMX-CU, allowing for a variety of commercial uses. Its prime location offers stunning sunset views overlooking Holding Lake and is adjacent to a neighborhood amenity center, creating an ideal setting for a restaurant, bar, or other gathering-oriented business. For ground lease options, a rough-graded pad will be provided, simplifying development. The asking price for this remarkable property is $1,250,000. This location offers unparalleled access to a dense residential population and high daily traffic volume, making it an exceptional opportunity for a business seeking high visibility and strong potential for growth. The property's proximity to Holding Lake and the neighborhood amenity center adds significant appeal and enhances the overall desirability of the location. Don't miss this chance to secure a prime commercial site in a rapidly growing community.

    Property Features for 0 Franklin St

    General Information

    Property type
    Land
    Lot Size
    47,916 SF

    HighLights

    • ±1.1‑acre commercial parcel available for sale or ground lease.
    • South Franklin Street frontage, adjacent to Holding Lake and a neighborhood amenity center.
    • Prominent sunset views over Holding Lake, ideal for restaurants and bars.
    • Rough‑graded pad provided for ground lease options.
    • High traffic count: approximately 20,000 cars daily on S. Franklin Street.
    • NMX‑CU commercial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.510482
    Latitude
    35.963589

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    FAQs

    What type of property is this?
    Land - 1.1-Acre Commercial Lot, Wake Forest, NC
    Where is this land located?
    The property is located at Franklin St Wake Forest, NC.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: ±1.1-acre commercial parcel available for sale or ground lease.; South Franklin Street frontage, adjacent to Holding Lake and a neighborhood amenity center.; Prominent sunset views over Holding Lake, ideal for restaurants and bars.
    (919) 576-2501
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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

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    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
    Franklin St Wake Forest, NC 27587
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