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Property profile & analytics
OFF-MARKET
Retail space

711 Main St Wake Forest, NC 27587-2129

2,010 SF 0.33 ac lot Built 1965
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US53-1193023
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Total area 2,010 SF
Lot 0.33 ac (14,375 SF)
Zoning code NB
APN 1841.11-65-3548 0047266
UPID US53-1193023
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ryan Trivas Blankenship · 5 yrs held
Ryan Trivas Blankenship
since 2021
Last sale
$207,400
1 recorded transaction
2021
$300,000
Zoning & alternative use
NB · Wake Forest, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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