0 Franklin St, Wake Forest, NC 27587
This exceptional 1.1-acre commercial parcel presents a unique investment opportunity in the thriving Holding Village area of Wake Forest, North Carolina. Located on South Franklin Street, this property boasts prominent visibility and high traffic counts, with approximately 20,000 cars passing daily. The lot is zoned NMX-CU, allowing for a variety of commercial uses. Its prime location offers stunning sunset views overlooking Holding Lake and is adjacent to a neighborhood amenity center, creating an ideal setting for a restaurant, bar, or other gathering-oriented business. For ground lease options, a rough-graded pad will be provided, simplifying development. The asking price for this remarkable property is $1,250,000. This location offers unparalleled access to a dense residential population and high daily traffic volume, making it an exceptional opportunity for a business seeking high visibility and strong potential for growth. The property's proximity to Holding Lake and the neighborhood amenity center adds significant appeal and enhances the overall desirability of the location. Don't miss this chance to secure a prime commercial site in a rapidly growing 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
Similar Nearby for Sale
Similar Nearby for Lease
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.