Investment Highlights: 5.09 AC of land for development within affluent Wakefield Commons area of Raleigh Favorable flexible zoning that allows for a variety of office, retail, and residential uses Adjacent to North Forest Pines Elementary and 0.7 miles from Rex Healthcare Hospital Very affluent section of North Raleigh with great demographics Great location with easy access to US 1 and I-540 Investment Overview: The Wakefield Commons Land Parcel is a 5.09 AC parcel of vacant land within Wakefield Commons located at 11601 Forest Pines Drive in Raleigh, NC. This parcel is currently wooded land and is served by City of Raleigh utilities. Currently the Property is zoned CUD TD (Conditional Use Thoroughfare District) with highly favorable and flexible zoning categories that allow for a very wide variety of office, retail, and residential uses at a range of allowable densities. However, TD zoning is being phased out and are now "legacy districts" per the new City of Raleigh UDO and has proposed the following zoning code for the Property as OX-3-PK which is Office Mixed Use (OX) with Height up to 3 Stories with Parkway Frontage with UWPOD. Click here for more Zoning Info. The Property is located adjacent to North Forest Pines Elementary, 0.7 miles from Rex Healthcare Hospital, and benefits from its proximity to US1 (less than 0.4 miles). The Property is located only 0.9 miles from Wakefield Commons which is advantageously located at the intersection of US1 (Capital Boulevard) and Falls of Neuse Road. This location benefits substantially from proximity to US1 (Capital Boulevard), which is a critical regional north-south backbone that provides connectivity to I-540 and to the region's largest employment centers. The Property is located within a heavy retail nod and has the potential to draw from several national retailers already in the immediate area such as Harris Teeter, Walmart Supercenter, Aldi, Taco Bell, Mattress Firm, Texas Roadhouse, Red Robin, Chili's, Firestone, GameStop, PNC Bank, Wells Fargo, Holiday Inn, and Crossroads Nissan. Additionally Traffic Collection Street Cross Street Traffic Vol Year Distance Green Elm Ln Common Oaks Dr 350 2017 0.12 mi Forest Pines Dr Foxcroft Rd 4,990 2011 0.14 mi Forest Pines Dr Green Elm Ln 4,660 2011 0.14 mi Capital Blvd S Main St 47,000 2017 0.47 mi Forest Pines Dr Common Oaks Dr 5,680 2017 0.42 mi
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
