Main St Wake Forest, NC 27587
- Land
Current Use by Public Records
- Land
Property Details for 0 Main St
- Property type
- Land
Description
This exceptional commercial land assemblage in Wake Forest, NC, presents a unique investment opportunity. Located on the corner of South Main Street, at the intersection of Highway 98 and US 1-A, this property comprises three separate lots owned by three different parties. Therefore, offers must be structured to accommodate individual owners, either through separate offers or a single Letter of Intent/Purchase and Contract representing all owners. Detailed owner information is available in a provided memorandum. The property's prime location offers significant potential, but prospective buyers should be aware that a Traffic Improvement Study (TIS) may be required as part of any master plan development, with the buyer responsible for the TIS costs. The Town of Wake Forest is currently updating its Unified Development Ordinance (UDO) and Land Use Maps, which includes potential rezoning of these properties for commercial use. While rezoning is anticipated, a buyer could pursue rezoning independently through the planning board and board of commissioners. A drone video and further details are available online. The asking price for this assemblage is $1,100,000. This is a rare opportunity to acquire a significant commercial parcel in a rapidly growing 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
- -78.5178
- Latitude
- 35.9653
