2 Lakestone Cmns Ave, Fuquay-Varina, NC 27526
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.