Description
ALL 11.4 ACRES FOR SALE FOR $890,000. 200 FEET ROAD FRONTAGE HWY US1. D.O.T. FINALLY JUST COMMITTED TO A PLAN IN THIS AREA, NOT HURTING THIS PARCEL. WATER/SEWER/NATURAL GAS ON SITE ! SOME OF REAR RIGHT BORDER HAS LAND PARTIALLY IN FLOODPLAIN. COMMERCIAL CENTER NEXT DOOR HAS ADDITIONAL REAR ACREAGE (MAJOR APPARTMENT COMPLEX JUST BROKE GROUND NOV 2021), THAT ABUTS THIS SUBJECT LAND, AS WELL AS PART OF CURRENT CENTER. LOCATED BETWEEN KANGAROO AND CAR WASH/FOODLION SHOPPING CENTER. MAIN ARTERY BETWEEN CARY/RALEIGH/CHAPEL HILL TO PINEHURST/SOUTHERN PINES. TRAFFIC COUNT APPROX 27-30,000+ AT FRONTAGE MORE TRAFFIC TO SIDES ! ZONED R-20, BUT ALMOST ALL AROUND ON BOTH SIDES OF THIS MAJOR HWY CORRIDOR IS COMMERCIALLY ZONED. REZONING TO COMMERCIAL USE WOULD CONFORM BETTER TO SURROUNDINGS & SHOULD NOT BE A PROBLEM IF DESIRED. COMMERCIAL, FAST FOOD, 2 FRONT PADS?, HOTEL/APARTMENTS POTENTIAL. HIGH DENSITY RESIDENTIAL NEARBY/NEW PROJECTS COMING.NEAR-YR AROUND SCHLS. Confirmed Special Assessments: NONE
Location
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