2236 Old Us 1 Hwy Apex, NC 27502
This exceptional 11.68-acre commercial land parcel, located at 2236 Old US 1 Hwy in Apex, NC (zip code 27502), presents a prime investment opportunity within The Summit, a thriving planned mixed-use development. Situated in Wake County, this property boasts a PUD-CZ zoning designation, allowing for up to 76,500 square feet of commercial or retail space. An approved site plan includes five outparcel lots, offering versatile development options for in-line retail or outparcel uses. The site's strategic location at the intersection of Humie Olive Road and Old US 1 Highway provides excellent visibility and accessibility. The Summit community will ultimately encompass 16 single-family homes and 86 townhomes, commencing construction in 2024, creating a strong residential base for supporting commercial ventures. This property benefits from being in one of the Triangle's fastest-growing submarkets, characterized by affluent demographics and significant population growth. The asking price for this exceptional commercial land is $4,088,000. This represents a unique chance to capitalize on the burgeoning Apex market and establish a successful commercial presence within a vibrant, expanding community. The property's size and zoning make it ideal for a variety of retail and commercial developments.
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R G Landscape Landscaping General Contractor
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
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No recorded transactions found for this property.
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Risks
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