Retail Dr And Warmoven St Wake Forest, NC 27587
- Land
- 1.56 lot acres
Current Use by Public Records
- Land
Property Details for 0 Retail Dr And Warmoven St
- Lot size
- 1.56 lot acres
- Property type
- Land
Description
This exceptional 1.56-acre commercial land parcel is ideally situated in Wake Forest, North Carolina, at the intersection of Retail Drive and Warmoven Street. Located in Wake County, zip code 27587, this property boasts a highly desirable Highway Business (HB) zoning designation, allowing for a wide array of commercial uses. Conceptual plans suggest the potential for up to 3,875 square feet of commercial space. The land is priced at $550,000, or $8.09 per square foot. Its prime location offers strong demographics and proximity to numerous national retailers and amenities. The site is adjacent to the Target-anchored Capital Plaza Shopping Center and less than a mile from the NC Highway 98 bypass. Furthermore, it's conveniently located 1.2 miles north of the future Wegmans-anchored Grove 98 development, 20 miles east of downtown Durham, and under 30 minutes north of downtown Raleigh. Permitted uses include, but are not limited to, banks, offices, medical offices, restaurants/bars, churches, and most retail establishments. This presents a unique opportunity for developers and investors seeking a strategically located commercial property in a thriving area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wake Forest
- County
- Wake
- State
- North Carolina
- Longitude
- -78.5435
- Latitude
- 35.9763
