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Property profile & analytics
OFF-MARKET
Retail space

2236 Old Us 1 Hwy Apex, NC 27502

11.68 ac lot
Property ID
US53-0538184
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Lot 11.68 ac (508,781 SF)
UPID US53-0538184
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
Current use
Occupant on record · Public records
  • R G Landscape Landscaping General Contractor
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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