for sale prime residential development opportunity...recommendation for approval by the wake forest...

5
www.cbre.us/raleigh FOR SALE PRIME RESIDENTIAL DEVELOPMENT OPPORTUNITY JONES DAIRY ROAD & NC HIGHWAY 98 Wake Forest, NC 27587 Part of the CBRE affiliate network NC HIGHWAY 98/WAIT AVENUE JONES DAIRY ROAD CHALK ROAD +/- 41.83 ACRES UNDER CONTRACT +/- 58.56 ACRES AVAILABLE

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Page 1: FOR SALE PRIME RESIDENTIAL DEVELOPMENT OPPORTUNITY...recommendation for approval by the wake forest planning board approval by the wake forest board of commissioners westford place

Wake County, City of Raleigh

TITLE

DisclaimeriMaps makes every effort to produce and publish the most current and accurate information possible.However, the maps are produced for information purposes,and are NOT surveys. No warranties, expressed or implied,are provided for the data therein, its use,or its interpretation.

0 790 1,580395 Feet

1 inch = 400 feet

±

www.cbre.us/raleigh

FOR SALE

PRIME RESIDENTIALDEVELOPMENT OPPORTUNITYJONES DAIRY ROAD & NC HIGHWAY 98Wake Forest, NC 27587

Part of the CBRE affiliate network

NC HIGHWAY 98/WAIT AVENUE

JONES DAIRY ROAD

CHALK

RO

AD

+/- 41.83 ACRESUNDER CONTRACT

+/- 58.56 ACRESAVAILABLE

Page 2: FOR SALE PRIME RESIDENTIAL DEVELOPMENT OPPORTUNITY...recommendation for approval by the wake forest planning board approval by the wake forest board of commissioners westford place

PROPERTY FEATURES

+ Three contiguous parcels totaling approximately 100.39 acres

+ Currently zoned Rural Holding District (RD), but in the process of obtaining full subdivision entitlements

+ Municipal water and sewer service available

+ Preliminary lot layout sketches depict a density of 223 to 241 single family detached lots and 7 townhome lots

+ Located off NC Highway 98 and Jones Dairy Road with frontage and access on both roadways. Approximately 2.0 miles to US Highway 1 Alternate, 3.5 miles to US Highway 1/Capital Boulevard and 4.0 miles to US Highway 401

+ Owner will subdivide

+ For due diligence documents, click here

+ $80,000/acre sale price

FOR SALEJONES DAIRY RD. & NC HWY. 98 Wake Forest, NC 27587

PIN# Acreage Current Zoning

1850355965+/- 16.56 Acres Available

+/- 14.00 Acres Under ContractRural Holding District (RD)

1850369899 +/- 22.83 Acres Under Contract Rural Holding District (RD)

1850269906 (partially)

+/- 42.00 Acres Available+/- 5.00 Acres Under Contract

Rural Holding District (RD)

Page 3: FOR SALE PRIME RESIDENTIAL DEVELOPMENT OPPORTUNITY...recommendation for approval by the wake forest planning board approval by the wake forest board of commissioners westford place

PRELIMINARY LOT LAYOUT SKETCH

FOR SALEJONES DAIRY RD. & NC HWY. 98 Wake Forest, NC 27587

DATEDATE

RECOMMENDATION FOR APPROVALBY THE WAKE FOREST

PLANNING BOARD

APPROVAL BY THEWAKE FOREST BOARDOF COMMISSIONERS

WESTFORD PLACE SUBDIVISION

SURVEYED:DRAWN:CHECKED:

APPROVED:DATE:SCALE:

RLURCZ

08-07-20141"=200'

NO.REVISIONS

DATE DESCRIPTION

OVERALL SITE PLAN SHEET C-2

WAKE FOREST, NCDEVELOPERADDRESS

PHONEE-MAIL ADDRESS1 2014-10-15 PER CITY COMMENTS

GEORGE C. MACKIE JR.528 NORTH MAIN STREET

[email protected]

WAKE FOREST, NC 27587

2 2014-11-24 PER CITY COMMENTS3 2015-02-13 PER CITY COMMENTS

PROPERTY TOPOGRAPHY260

270

300

310

340

350

250

330

290

360

320

280

240

310

320

270

290

310

290

300340

290

270

310

300

290

310

290

320

270

290

280

290

320

330

280

300

300

240

320

280

350

320

28030

0

300

260

280

270

270

310

250

330

340

280

300

300

310

310

330

330

320

310

290

310

310

290

300

280

Wake County, City of Raleigh

DisclaimeriMaps makes every effort to produce and publish the most current and accurate information possible.However, the maps are produced for information purposes,and are NOT surveys. No warranties, expressed or implied,are provided for the data therein, its use,or its interpretation.

0 410 820205 Feet

1 inch = 400 feet±

Page 4: FOR SALE PRIME RESIDENTIAL DEVELOPMENT OPPORTUNITY...recommendation for approval by the wake forest planning board approval by the wake forest board of commissioners westford place

NEARBY DEVELOPMENT

FOR SALEJONES DAIRY RD. & NC HWY. 98 Wake Forest, NC 27587

LocationSingle Family Residential

Multifamily Residential

Office & Institutional

Retail Industrial

Bishop’s Grant Phase 3B 40 SF Lots - - - -

Bowling Green, Phases III & IV 57 SF Lots - - - -

Courtyard at Heritage 82 SF Lots - - - -

Franklin Street Apartments - 108 Units - - -

South Lake at Holding Village, Phases 1-3 374 SF Lots - - - -

Huntington Springs Apartments - 84 Units - - -

Richland Hills 81 TH Units - - - -

Shearon Farms 89 TH Units - - - -

Stone Mills Falls 134 SF Lots - - - -

Stonegate at St. Andrews, Phase VII 71 SF Lots - - - -

Traditions Townhomes 125 TH Units - - - -

Tryon 287 SF Lots - - - -

St. Ives, Phase III 16 SF Lots - - - -

Traditions, Phase 2C 55 SF Lots - - - -

Wake Forest Charter Academy - - 44,000 SF - -

2109 S. Main Street - - 6,000 SF - -

Discovery Point Day Care - - 13,000 SF - -

Haddock Collision Center - - - - 23,412 SF

Shoppes at Caveness - - - 139,036 SF -

Meineke - - - 6,000 SF -

Wake Forest Fire Station - - 9,083 SF - -

Shoppes at Heritage Village - - - 89,200 SF -

Valvoline - - - 2,500 SF -

Christian Brothers Automotive - - - 4,900 SF -

Moffat Pipe - - - - 9,267 SF

FMC Northern Wake - - 9,500 SF - -

Redd Chiropractic - - 1,214 SF - -

TOTALS1,116 SF Lots295 TH Units

192 Units 82,797 SF 241,636 SF 32,679 SF

Page 5: FOR SALE PRIME RESIDENTIAL DEVELOPMENT OPPORTUNITY...recommendation for approval by the wake forest planning board approval by the wake forest board of commissioners westford place

ALAMANCECOUNTY

LEECOUNTY

HARNETTCOUNTY

Pittsboro

MORRISVILLE

APEX

HILLSBOROUGH

Knightdale

RALEIGH

Rolesville

Youngsville

WakeForest

CARY

Creedmoor Franklinton Louisburg

DURHAM

CHAPELHILL

Eli Whitney

Oaks

Teer

Hawfields

Efland

Mandale

Bynum

Fearrington

Bonsal

Moncure

Haywood

Gulf

Brickhaven

Cokesbury

Duncan

Fuquay-VarinaHolland

Kennebec

WillowSpring

AngierMcGee

Crossroads

Powhatan

Clayton

Wilson’sMills

Smithfield

Selma

Micro

Pine Level

Flowers

Jordan

ArcherLodge

StancilsChapel

Emit

Wakefield

Eno Trace

Braggtown

Eno

NorthRidge

Hasentree

HeritageBrightleaf

Grissom

Middlesex

Riley Hill

Hopkins

Royal

Bunn

HocuttsCrossroads

ChalybeateSprings

Corinth

New Hill

Friendship

Preston

Beavercreek

Mondale

Amberly

AudubonPark

RegencyPark

HopeValley

Meadowmont

RESEARCH TRIANGLE

PARK

CARRBORO

HollySprings

GARNER

ZebulonWendell

PROPOSED FUTURE 540

PROPO

SED

FU

TUR

E 5

40

E. Center St.

S. 5

th S

t.

S. 3rd

St. Ext.

Meb

ane

Oak

s Rd

.

Buckhorn Rd.

W. 10 Rd.

Old Greensboro Rd.

Jones Ferry

Rd.

Hamlet Chapel Rd.

Chape

l Hill Rd.

Silk Hope Gum Spring Rd.

Henderson T

anya

rd Rd.

Old

Nor

th C

arol

ina

86

Eubanks Rd.

Rogers Rd.

Bethe

l Hick

ory C

hurch Rd.

Hatch Rd.

Old Faye tteville Rd.

W. Main St.

Seawe

ll S c

hool

Rd.

D a vis R

d.

S. C

hurt

on S

t.

New H

ope Chu

rch R

d.

St. Mary’s

Rd.

Lawrence Rd.

Old State Hwy 10

Mt. Herman Church Rd.

Plea

sant

Gre

en R

d.

Cole Mill Rd.

Cra

ig R

d.

Umstead

Rd.

Russ

ell

Rd.

Rose

of S

haron Rd.

Hill

anda

le R

d.

Erwin Rd.

Kenl

ey R

d.

Duke University Rd.

Mt. Sinai Rd.

Whitfield Rd.

Estes Dr.

Manning Dr.

Raleigh Rd.

Barbee Chapel R d.

Whit

field

Stagec oach Rd.

Garrett Rd.

Unive

rsity Dr.

Erw

in Rd

.

Mt. Moriah Rd.

Aca

dem

y Rd

.

Hope

Valle

y Rd

.

E phesus Church Rd

.

Weaver Dairy Rd.

Smith

Lev

el R

d.

Culbreth Rd.

Guess Rd.

W. Carver St.

W. Club Blvd.Hillsborough Rd.

Cha

pel Hill

Rd.

S. Ro

xbor

o St

.Fa

yette

ville

Rd.

N. Roxboro Rd.

Horton Rd.

Hebron Rd.Ham

lin Rd.

Infinity Rd.Latta Rd.

E. Gee

r St.

N. Miami Blvd.

Angier Ave.

W. B

. St.

Red Mill Rd.

Snow H

ill Rd.

N. Roxboro Rd.

N. Rox boro St.

Faye

ttevi

lle R

d.

Her

ndon

Rd. Grandale D

r.

Scott King Rd.

Durham

Frwy.

Ape

x H

wy.

T.W

. Alex

ander D

r.

S. Alston Ave.

So-H

i Dr.

Ellis

Rd.

N. B

ucha

nan

Blvd

.

E. Geer St.

Old Oxfo

rd R

d.

E. Club Blvd.

S. Br ig gs A

ve.

Dearborn Dr.

E. Lawson St.

S. Roxb

oro

St.

Martin Luther King JR. Pkwy.

E. Woodcroft P kwy.

E. Cornwallis Rd.

Okelly C hapel Rd.

Junct

ion Rd

.

Clayton Rd.

Midland Ter.

Cheek Rd

.

Re

dwood Rd.

S. M

iner

a l S

prin

gs

Rd.N

. Min

eral

Springs R

d.

Sherron Rd.

Leesville Rd.

Olive B ranch Rd.

Wake Forest Hwy.

Patte

rson

Rd.

S. M

iam

i Blvd

.

Cheek Rd.

Fish D

am Rd.

Cash Rd.

New

Ligh

t Rd.

Woodlie f Dr.Pu rnell R d .

Ston

y H

ill R

d.

Cam

p Ka

nata

Rd.

Purnell Rd.

Durham Rd.

Car

pent

er P

ond R

d.

Col

ey R

d.

Norwood Rd.

Ray Rd.

Strickland Rd.

PIne

cres

t Rd. Leesville Rd.

Old

Cre

edm

oor R

d.

Six Forks Rd.

Durant Rd.

Six Forks Rd.

Cre

edm

oor R

d.

Lynn Rd.

Sawmill Rd .

Creedm

oor Rd.

Durham Dr.

Beaver Dam Rd.

Falls

of N

euse

Rd

.

Old Weaver Trl.

Lawrence Rd.

Cap

ital B

lvd.

S.

Mai

n St

.

Her

itage

Lak

e Rd.

Lig o

n M

ill Rd

.

Burlingto n Mills

Rd.

Mitch

ell Mill Rd.

Rolesville Rd.Z ebulon Rd.

US-1 Alt.

Holden Rd.

Peach O rch

ard Rd.

Cap

ital B

lvd.

Shep

ard

Scho

ol Rd.

Pippin Rd.Debnam Rd.

Ferrell Rd.

Pear

ces

Rd.H

opkins Chapel Rd.

Old Halifax Rd.

Gay Rd. Pilot-Riley Rd.

Brantleytown Rd.

Strickland Rd.

Martin Rd.

Baptist Church Rd.

Sledge Rd.

Mor

t Har

ris R

d.

Edw

ard

Best

Rd.

Old U

S Hw

y 64

Tank Rd.Rocky C

ross Rd.

N. O’N

eil S

t.

Turnipseed Rd.

Bissette Rd.

Poole

Rd

.

Mar

tin P

ond

Rd.

Knightdale-Eagle Ro ck R

d.

Rolesville Rd.Sm

ithfi eld Rd.

Covered Bridge Rd.

M

edlin

Rd.

Stotts Mill Rd.

S. Buffalo St.

Wendell Blvd.

Wen

dell B

lvd.

S. Selma Rd.

Wen

dell R

d.

Lake Wendell Rd.

Covered B

ridge Rd.

Buffalo Rd.

S. N

ash

St.

E. Finch Ave.

S. Arendell Ave.

Old Bunn Rd.

Fowler Rd.

Riley Hill Rd.

Buffa

lo Rd.

Booker Dairy Rd.

North

Fire

Dept. R

d.

Buffalo Rd.

Little Divine Rd.

Live

Oak

Chu

rch

Rd.

St.N. 3

rd S

t.

S.

Pollo

ck S

t.

Old Beulah Rd.

Old Beulah Rd.

Pine Level Rd.

Pine

Leve

l Micr

o Rd.

Rains Crossroads Rd.

Bagley Rd.

Old Route 22

Benson Hw

y.

White O

ak Rd.

E. Garner Rd.

White O

ak Rd.

S. Lombard St.

Guy Rd.

Old US Hwy 70 W.

E. M

ain St.

Shot

wel

l Rd.

Cleveland Rd.

Ralei

gh R

d.

Buffaloe Rd.

Skyc

rest

Rd.

Rale

igh

Blvd

.

Rock Quarry Rd.

Poole Rd.

Aubur

n Kn

ight

da

le Rd.

Barwell Rd.

Martin Luther King

S. N

ew H

ope

Rd

.

Mia

l Pla

ntat

ion

Rd.

Old

Milb

urni

e Rd

.

Hod

ge R

d.

Poole Rd.

Grasshopper Rd.

Fore stville Rd.

Marks Creek Rd.

Horto

n Rd.

Old

Knig

ht R

d.

Smithf ie ld Rd.

N orth

Hills

Dr.

Lass

iter M

ill Rd

.

Anderson D

r.

E. Whitaker Mil l

S. Person St.

Garner Rd.

Rush St.

Sander ford Rd.

Woodland Rd.

Vandora Spring

s Rd.

Jr Blvd.

W. Millbrook Rd.

St. Mary’s St.

Rd.

Dartmouth Rd.

Cre

ech

Rd.

Tim ber Dr.

Aversboro Rd.

Lynn Rd.

Lead

Min

e Rd

.

Newton Rd.

Hun

ting Ridge Rd.

S u mner Blvd.

S pring Forest

Perry Creek Rd.

Sprin

g Forest Rd.

St. Alba ns Dr.

Falls of Neuse Rd.

Wak

e Fo

rest

Rd.

Old

Wak

e Fo

rest Rd.

Atla

ntic

Ave

.

Trawick Rd.

Tra

wic

k Rd

.

N. N

ew H

ope Rd.

S. Wilm

inton St.

Wak

e For

est R

d.

Litchford Rd.

Fox

Rd.

Rd.

Dep

artur

e Dr

.

Bre

ntwo

od R

d.

Gre

en R

d.

S. Blount St.

Monroe Pittsboro Rd.

Deep

Rive

r Rd.

Haw

kins

Ave

.

Jefferson D

avis

Hwy.

Carbonton Rd.

N. P

ark

Rd.

Avent

Fe

rry R

d.

Mitchell Mill Rd.

Fore

stvi

lle R

d.

Farrington Point Rd.

Jack Benn ett Rd.

Hanks C

h apel Rd.

Old

US

Hw

y 1

New

Hill Olive C

hapel Rd.

Pea

Ridg

e Rd

.

Lut h er R

d.

Green Level Rd. W.Holland Cha

pel Rd.

Marthas Chapel Rd. Morrisville

Pkwy. Gree

n

Hope School Rd.

Gre

en Le

vel C

hurc

h Rd

.

Wimberly Rd .

Jenks Rd.

High House Rd.

Sunset Lake Rd.

Step

hens

on R

d.

Ten-Ten Rd.

Kild

aire

Far

m R

d.Ed

erle

Dr.

Penny Rd.

Holly Springs Rd.

Gra

ham

Ne w

ton

Rd.

Blaney Franks Rd.

Penny Rd.

Yates Mill Pond Rd.Hol

ly Sp

rings

Rd.

Lake

Whe

eler

Rd.

Old US Hwy 1

Olive Chapel Rd. W

. Williams St.

Center St.

Hunter St.

Ap ex Barbecue Rd.

E. William

s St.N

. Main St.

Cass

Holt

Rd.

Rollins Mill Rd.

Cok

esbu

r y R

d.

Oakrid

ge D

unca

n Rd

.

Baptist Grove Rd.

Chris

tian

Ligh

t Rd.

Rawls Church Rd.

Kipling Rd.

Avent Ferry Rd. Sunset Lake Rd.

Ten-Ten Rd.

S. Main St.

Purfo

y Rd

.

Angier Rd.

Atkins Rd.

Holland Rd. Kenn

ebec

Rd.

N. Main

St.

Old

Sta

ge R

d.

Rock Service Station Rd.

Jackson K

ing R

d.

Old

Sta

ge R

d.

Rawls Church Rd

.

N. Raleigh St.

Massengill Pond Rd.

Williams Store Rd.

Old Jenks Rd.SW Cary Pkwy.

NW

M

aynard Rd.

SE May

nard

Rd.

W. Chatham St.

Lake

Pine Dr. Ki

ldai

re F

arm

Rd.

Old Apex R

d.

N. Salem St.

Jenk

s Car

pent

er Rd

.

Holt Rd.

Crabtree

Cro

ssin

g Pk

wy.

W. C

hatham St.

Walnut St.

E. Chatham St.

Morrisville Carpenter Rd.

N

W Cary Pkwy.

Weston Pkwy.

Evans Rd.

Aviat

ion

Pkwy.

Airp

ort B

lvd

.

Davis D

r.

Morrisville Pkwy.

Carpenter U

pchur c h Rd.

Kopp

ers Rd.

N H

arris

on A

ve.

Reedy Creek Rd.

Trin

ity Rd

.

Airport Blv

d.

Aviation Pkwy.

Pleasan t G

rove

Churc h Rd.

Davis

Dr.

Kit Creek Rd.

Hopson Rd.

Brier Creek P kwy.

Page

Rd.

Page Rd.

Lumley Rd.

Lake

Whe

eler R

d.

Edwar

ds M

ill Rd

.

Blue Ridge Rd.

Ridg

e Rd

. Dixie Trl.

Boone

Dur

alei

gh R

d.

Ebenezer Church Rd.

Western Blvd.Centennial Pkwy.

Lochm ere D

r.

SE C

a r y Pkwy.

Pine

y P

lains Rd. Dillard Rd.

Tryon Rd.

Blue

Rid

ge R

d. W

ycli f

f Rd

.

Lake

Glen

Trl.

Avent Ferry Rd.

Gor

man

St.

Faye

ttevil

le

Rd.

Simpkins Rd.

Buck J

ones Rd.

Jone

sFr

ankl

in R

d.

Eden Dr.

Hillsborough St.

Tryon Rd.

Spring Dr.

Obe

rlin

Rd.

Orang

e Gro

ve Rd

.

Arthur M

innis R

d.

Thorn Rd .

RBC Center

Carter-Finley Stadium

CentennialCampus

White OakS/C

CrabtreeValleyMall

North HillsS/C

NCSU

DUKEUNIVERSITY

UNC

TriangleTowneMall

SouthpointeMall

BriercreekS/C

HoraceWilliamsAirport

Sanford-LeeCounty Regional

Airport

JohnstonCounty Airport

FallsLake

RDUInternational

Airport

William B.Umstead State

Park

B. EverettJordan Lake

Shearon HarrisReservoir

LakeWheeler

LakeBenson

RaleighEast Airport

LakeCrabtree

LakeJohnson

Eno RiverState Park

70

86

70

70

70

98

87

85

85

751

15

15

85

85

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54

54

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50115

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64

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54

54

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40

40

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50115

50115

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55BYP

54

751

96

96

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96

55

64

64

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39

39

56

39

98

98

98

50

96

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540

440

440

40

540

95

95

147

147

147

50

64

264

264

64

70

70

231

231

231

222

222

96

1

42

42

42

39

39

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64

64

301

301

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97

97

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96

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42

42

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540

540

50

40

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70

70

70

70

70

70

70

401

42

42

42

42

210

55401

401

401

902

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50115

421

421

421BYP

40

56

581

Proposed Ext.

TRIA

NG

LE E

XPW

Y.

ORANGECOUNTY

DURHAMCOUNTY

GRANVILLECOUNTY

FRANKLINCOUNTY

NASHCOUNTY

WAKECOUNTY

WAKECOUNTY

JOHNSTONCOUNTY

JOHNSTONCOUNTY

CHATHAMCOUNTY

FOR SALEJONES DAIRY RD. & NC HWY. 98 Wake Forest, NC 27587

© 2017 CB Richard Ellis - Raleigh LLC. The information contained in this document has been obtained from sources believed reliable. While CB Richard Ellis - Raleigh LLC does not doubt its accuracy, CB Richard Ellis - Raleigh LLC has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

www.cbre.us/raleigh

CONTACT US

BARRY J. BOWLING, CCIMSenior Vice President+1 919 831 [email protected]

CARLTON MIDYETTE, IIIFirst Vice President+1 919 831 [email protected]

Part of the CBRE affiliate network

JONES DAIRY RD. & NC HWY. 98