711 Main St Wake Forest, NC 27587-2129
This exceptional 0.87-acre commercial land parcel presents a remarkable development opportunity in the heart of Wake Forest, North Carolina. Situated at 711 N Main St, Wake Forest, NC 27587, this property is ideally located in the downtown area and offers significant potential for various commercial ventures. The lot is comprised of three separate parcels, providing flexibility for development plans. Zoned NB and UR, this land allows for a diverse range of commercial uses, making it an attractive investment for developers and entrepreneurs seeking a high-visibility location. The property's size and central location within Wake Forest's vibrant downtown district ensure high traffic and excellent visibility, making it an ideal site for businesses seeking strong community engagement. With its strategic location and flexible zoning, this property is poised for significant growth and return on investment. The asking price for this exceptional commercial land is $947,425. Serious inquiries are encouraged to explore the possibilities of this prime downtown Wake Forest location. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving North Carolina community. Don't miss out on this chance to build your business in a dynamic and growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
NB · Wake Forest, NCWake Forest. Always verify with local authorities before improvements.
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.