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    2 Lakestone Cmns Ave Fuquay-Varina, NC 27526

    For Sale
    $1,250,000

    Prime Retail Land, High Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.96-acre commercial lot (Lot 2) in Fuquay-Varina, NC, is priced at $1,250,000. Located within a thriving 50-townhome mixed-use development, it boasts a prominent position across from Chick-fil-A and Dunkin' Donuts, and near Kohl's. The property is zoned for retail, restaurant, or office use, offering significant potential for various commercial ventures. Its strategic location provides easy access to major roadways including Judd Parkway, Highway 55, and Highway 401, ensuring high visibility and convenient access for customers and employees. The area benefits from the proximity of existing hospitals, including the new WakeMed facility, and a planned 100-acre mixed-use development, promising continued growth and increased property value. The lot offers approximately 41,911 square feet, with room for a building footprint of up to 5,000 square feet, depending on the intended use and parking requirements. A portion of the lot includes a shared parking easement with Applebee's. Utilities (water and sewer) are stubbed to the property line, and a stormwater pond is in place. A curb cut from Carrickbrack Street is also provided. While some site work will be necessary to achieve "pad-ready" status, this property presents a remarkable opportunity for investors seeking a high-growth location in a dynamic community.

    Property Features for 2 Lakestone Cmns Ave

    General Information

    Property type
    Land
    Lot Size
    41,818 SF

    HighLights

    • Exceptional investment opportunity: Two prime commercial lots (Lots 2 & 3) in Fuquay‑Varina, NC's thriving Lakestone Commons Avenue mixed‑use development.
    • High‑traffic location: Situated across from Chick‑fil‑A and Dunkin', near Kohl's and major highways.
    • Strong growth potential: Proximity to WakeMed, future mixed‑use developments, and a vibrant townhome community.
    • Versatile zoning: Approved for retail, restaurant, or office use; roadway improvements completed.
    • Lot 2 Details: $1.25M, 41,911 sq ft (0.962 acres), allows for a 5,000 sq ft building (depending on use and parking); utilities stubbed; stormwater pond in place; curb cut from Carrickbrack Street; some site work needed for pad‑ready condition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fuquay-Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7670135
    Latitude
    35.5902359

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, High Growth Area
    Where is this land located?
    The property is located at 2 Lakestone Cmns Ave Fuquay-Varina, 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: Exceptional investment opportunity: Two prime commercial lots (Lots 2 & 3) in Fuquay-Varina, NC's thriving Lakestone Commons Avenue mixed-use development.; High-traffic location: Situated across from Chick-fil-A and Dunkin', near Kohl's and major highways.; Strong growth potential: Proximity to WakeMed, future mixed-use developments, and a vibrant townhome community.
    Request Owner's contact information
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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
    2 Lakestone Cmns Ave Fuquay-Varina, NC 27526
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