Land for Sale - Wake Forest - Site Planned Approved

981 Durham Road Wake Forest, NC 27587

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Durham Hwy - Hwy 98 East
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FOR SALE
Property Type:
Commercial Land Development
Amount:
$950,000
Last Verified:
Jul 31, 2017

Highlights

  • 4.2 acres with 750 +/- ft of road frontage
  • Class A Office Building site planned approved by Town of Wake Forest
  • Owner/seller is willing to lease back 1/3 of office space after
  • High Traffic Count - Visiblity
  • Convenient to retail, restaurants, hotels
  • Ease of access to US-1 - Capital Blvd

Description

For Sale - 4.2 acres with 750 +/- ft of road frontage in the Town of Wake Forest. Zoned Highway Business and site planned approved for a 30,000 s/ft 3 story office building. The site is located on Hwy 98 between Retail Drive and Waffle House - prime location for multiple commercial uses. Owner/seller is willing to lease back 1/3 of office space if available. The property is situated near hotel, large retail stores, restaurants, banks and convenience stores. Great site for full site development or subdivide. Investors, Builders, Developers.

4.2 acres with 750 +/- ft of road frontage in the Town of Wake Forest. Zoned Highway Business and site planned approved for a 30,000 s/ft 3 story office building. The site is located on Durham Road - Hwy 98 - between Retail Drive and Waffle House Restaurant - prime location for multiple commercial uses.

Lot Size: 4.2 acres

Map of 981 Durham Road, Wake Forest, NC, 27587

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.