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    OFF-MARKET
    Retail properties & Spaces

    2 Lakestone Cmns Ave, Fuquay-Varina, NC 27526

    0.96 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Lot 0.96 ac (41,818 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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