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    OFF-MARKET
    Land

    0 White St, Wake Forest, NC 27587

    3.93 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.93-acre commercial land parcel in Wake Forest, NC, presents a remarkable investment opportunity. Priced at $1,225,000, this property boasts a highly desirable Neighborhood Business (NB) zoning designation. The relatively flat site offers approximately 475 feet of frontage on Royal Mill Avenue and approximately 375 feet of frontage on N. White Street. Water is available on-site, and sewer access is conveniently located nearby via gravity flow. The property comprises two parcels: PIN# 1841956936 (2.93 acres) and PIN# 1841966126 (1.00 acre). Its strategic location offers unparalleled convenience and visibility. Situated adjacent to J.B. Flaherty Park, this property is also close to Franklin Academy, Envision Science Academy, Traditions Development, and Del Webb at Traditions, as well as numerous residential neighborhoods and multifamily subdivisions. The proximity to K Flex Industries further enhances its appeal. J.B. Flaherty Park features extensive recreational amenities, including tennis and pickleball courts, baseball and softball fields, and a large dog park. This prime location makes it ideal for a variety of commercial ventures, including a convenience store, quick-service restaurant (QSR), or multi-tenant retail development catering to the thriving community and high traffic volume on North White Street. The property's size, zoning, and location combine to create a compelling investment opportunity with significant potential for future growth and profitability. The zip code is 27587.

    Property profile
    Verified
    Property type Land
    Lot 3.93 ac (171,191 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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