Home » Star Rd. Land- Residential Zoning with Multi-Family and Commercial Potential

Star Rd. Land- Residential Zoning with Multi-Family and Commercial Potential

10816 Star Rd
Wake Forest, NC
USA
Offered at: $900,000
Property Type: Land
Property Status: Active
Property Features: Bring your builder, Build to Suit, Convenient to Raleigh, Development Potential, North Wake, Prime Land, Septic Permit
Lot Size: 5.49 Acres

Directions: North on US-1 , One mile pass Burlington Mills on right is Star Rd. Take Star Rd North, property on right before the Hollingsworth auto dealership and Storage Rental.

In order to be ahead of the pack, investors must consider the detailed variables at hand. Some of said variables to be consider are Uniform Development Ordinances, NCDOT Proposed Roadways, Expansion/Availability of Utilities, Supply/Demand, Nearby Development Projects, Soil Conditions,  and many more. The Subject Parcel is located off Star Rd which runs along US-1 (Capital), touching US-1A (South Main St) which runs directly into the heart of Downtown Wake Forest. Placing this opportunity in what is presented as one of the most opportunistic areas in Wake Forest.

Key Points

  • Listing Price: $900,000
  • PIN :1739677552
  • Address: 10816 Star Rd. Wake Forest NC 27587
  • Acres: 5.49+/- (to be confirmed by licensed Surveyor, also required to verify irregular lot line in-between two parcels on Northern side)
  • Zoned: RD
  • Proposed Roadway Passing Through or Near Parcel to Ligon Mill Rd.
    • Southern adjoining Parcel sold to Hawthorne Residential whom will be developing a site for Luxury Apartments.
    • Hawthorne Wake Forest Apartment Site <—-(Click for Plans)
    • Town of Wake Forest Executive Summary Transportation Plan <—(Click for Transportation Plan) Note Figure 1 image where you will see proposed location of minor collector.
    • GIS Proposed Roadway <— (GIS Indicating Alternative Route Than Shown on WF Plan)
      • Confirmed by the Wake Forest Transportation Engineers the GIS was the original proposal and the roadway recommendations indicated on the Transportation Plan represent more accurately the conversations being had between Wake Forest and NCDOT.
      • Also Important to note the Interchange recommendations, throttling traffic to roadways such as Star Rd.
      • Large point of leverage to be had if appropriate conversations were had with NCDOT and Wake Forest Planning Department.  Negotiating the proposed roadway location for this future roadway, maximizing value.
  • Sewer crossing in center of parcel, topography in favor of Gravity fed.
  • Public Water Available on Star Rd
  • Ting Fiber Optic Services for High Speed Internet currently being installed down Star Rd.

Additional Resources-

 

Call Alex Bailey at (919)741-7575 or email at AlexTBailey@icloud.com

 

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