306 S Allen Road, Wake Forest, NC 27587
- 23,438 sqft
Multi-Family Home 
Built in 1958 
2.74acre lot
—— car garage 
$58/sqft 
Listed 6 months ago
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.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 BlvdA rare approved opportunity in a thriving downtown location with strong senior housing demand.
- Listing Status:
- Pending
- Data Last Updated:
- May 28, 2026 at 1:18AM
- Listing Office:
- Ninja Realty : 252-226-0992
- Listing Agent:
- James Hutson : 252-915-2311
- MLS ID:
- 10133837
- General: High Speed Internet
- General: Other1
- Road/Access: Public Road
- Originating MLS: AMLSNC_TRIANGLE
- County: Wake
- Zoning: DB 19069PG 2745184-068-8987
- Utilities: Electricity ConnectedSewer ConnectedWater Connected
- Water: Public
- Sewer: Public Sewer
- Source: AMLSNC_TRIANGLE
This listing courtesy of James Hutson , Ninja Realty
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
