0.44 Acres Lot
0.44 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 10057264
HOA Y/N No
Originating Board Triangle MLS
Annual Tax Amount $2,824
Lot Size 0.440 Acres
Acres 0.44
Property Sub-Type Unimproved Land
Property Description
This 2.81 acre tract of land is currently zoned GR3 (General Residential) but will be changed to commercial by the Town of Wake Forest before the end of the fiscal year (June 30, 2025).
Per the town planning department, it will be zoned ''Neighborhood Commercial,'' currently referred to as ''Neighborhood Business (NB).'' The allowable uses are in the current NB zoning is under ''Neighborhood Mixed Use (NMX)'' and details are in the ''District Provisions Wake Forest UDO'' document in the document manager.
The tract is located in the heart of Wake Forest near the intersection of Dr. Calvin Jones Highway (Hwy 98 Bypass) and South Main Street, two major arteries of traffic. It is located across the street from Lidl and just north of The Lodge at Wake Forest, an extended care facility.
There is already a driveway on each property for access to South Main Street. No access will be permitted on Hwy 98 Bypass.
The town's trade area includes over 230,000 people and is a hub for small businesses and entrepreneurs.
Wake Forest, population 61,987 (2024) is a booming small town with population expected to be over 118,000 by 2040. The median household income is $115,159, nearly 70% higher than the media NC household, making it a destination for new businesses.
There is a highly educated workforce with 57.8% or residents having a Bachelors Degree or higher. In addition, Wake Forest is part of the award-winning Wake County Public Schools system, the 15th largest district in the nation. There are 19 public schools, 9 charter schools and 6 private schools in Wake Forest.
RDU Airport is only 40 minutes away from Wake Forest and there are over 600 flights on 14 major airlines to 48 non-stop destinations daily and seven international destinations daily.
Recently, a $1.1 billion federal grant was awarded to revive passenger rail to Wake Forest for the construction of the S-Line from Raleigh to Wake Forest by 2030.
North Carolina's income tax rate is the lowest in the United States at 2.5% and is scheduled to phase out entirely by 2030. The personal income tax rate is 4.75% and the sales tax in North Carolina is 7.25%.
Out of 550 peers across North Carolina, Wake Forest is the 8th fastest growing municipality. The southern charm of the historic downtown and the walk through the historic homes in the North Main Street historic district will take you back to days gone by.
Come discover Wake Forest's big city energy and small town charm.
Please contact the listing agent for a link to all details on the property.
Location
State NC
County Wake
Zoning See remarks
Direction Located near the intersection of S. Main Street and Dr. Calvin Jones Hwy (98 Bypass) across from Aldi.
Exterior
Fence None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
View Y/N Yes
Present Use Unimproved
Street Surface Asphalt
Private Pool No
Building
Lot Description Cleared, Curb/Gutter
Faces Located near the intersection of S. Main Street and Dr. Calvin Jones Hwy (98 Bypass) across from Aldi.
Sewer Public Sewer
Water Public
Schools
Elementary Schools Wake - Wake Forest
Middle Schools Wake - Wake Forest
High Schools Wake - Wake Forest
Others
Senior Community false
Tax ID 1840267691
Special Listing Condition Standard
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