306 S Allen Road, Wake Forest, NC 27587

• 23,438 sqft

Property Description

Prime Downtown Wake Forest Redevelopment Opportunity - Approved Senior Housing ProjectFor Sale - Reduced by $150,000 to $1.35 MillionPresenting 306 S. Allen Road, a 2.74-acre parcel in the heart of Downtown Wake Forest. This site is already zoned and site-plan approved for a 31-unit senior apartment building totaling 23,438 square feet.The property is ideally located with easy access to major highways and direct connectivity to Raleigh via US 1/Capital Boulevard, making it convenient for residents and visitors alike.Demographics within a 10-mile radius:- Total population: 271,184 residents- Ages 62-64: 35,609 residents- Ages 65 and older: 42,571 residentsThis property represents an excellent investment opportunity in one of Raleigh's most popular and growing suburbs. While the site needs redevelopment work, the seller is open to joint-redevelopment discussions, offering flexibility for developers and investors alike.Note: 100% of the dwelling units must be designated for residents 62 years and older.Highlights:- 2.74 acres in Downtown Wake Forest- 23,438 sq ft site-plan-approved development- Zoned for 31 senior apartment units- Easy access to US 1/Capital BlvdSeller open to joint-redevelopment discussions.A rare approved opportunity in a thriving downtown location with strong senior housing demand.

Listing Status:

Active

Listing Office:

Ninja Realty : 252-226-0992

Listing Agent:

James Hutson : 252-915-2311

MLS ID:

10133837

Interior

• General: High Speed Internet

Construction

• General: Other1

Location

• Road/Access: Public Road
• Originating MLS: AMLSNC_TRIANGLE
• County: Wake

Lot

• Zoning: DB 19069PG 2745184-068-8987

Utilities

• Utilities: Electricity ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: AMLSNC_TRIANGLE

This listing courtesy of James Hutson, Ninja Realty