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1125 S Main StreetWake Forest, NC 27587

  • Unimproved
  • $400,000
  • 1.44 Acres

1125 S. Main and 1137 S. Main are being sold together and the seller does not wish to separate them. This 1.88 acre tract of land is currently zoned GR3 (General Residential) but will be changed to commercial by the Town of Wake Forest before the end of the fiscal year (June 30, 2025). Per the town planning department, it will be zoned ''Neighborhood Commercial,'' currently referred to as ''Neighborhood Business (NB).'' The allowable uses are in the current NB zoning is under ''Neighborhood Mixed Use (NMX)'' and details are in the ''District Provisions Wake Forest UDO'' document in the document manager. The tract is located in the heart of Wake Forest near the intersection of Dr. Calvin Jones Highway (Hwy 98 Bypass) and South Main Street, two major arteries of traffic. It is located across the street from Lidl and just north of The Lodge at Wake Forest, an extended care facility. There is already a driveway on each property for access to South Main Street. No access will be permitted on Hwy 98 Bypass. Wake Forest, population 58,007 (2022) is a booming small town with population expected to be over 118,000 by 2040. The median household income is $115,159, nearly 70% higher than the media NC household, making it a destination for new businesses. There is a highly educated workforce with 57.8% or residents having a Bachelors Degree or higher. In addition, Wake Forest is part of the award-winning Wake County Public Schools system, the 15th largest district in the nation. There are 19 public schools, 9 charter schools and 6 private schools in Wake Forest. RDU Airport is only 40 minutes away from Wake Forest and there are over 600 flights on 14 major airlines to 48 non-stop destinations daily and seven international destinations daily. Recently, a $1.1 billion federal grant was awarded to revive passenger rail to Wake Forest for the construction of the S-Line from Raleigh to Wake Forest by 2030. North Carolina's income tax rate is the lowest in the United States at 2.5% and is scheduled to phase out entirely by 2030. The personal income tax rate is 4.75% and the sales tax in North Carolina is 7.25%. Out of 550 peers across North Carolina, Wake Forest is the 8th fastest growing municipality. The southern charm of the historic downtown and the walk through the historic homes in the North Main Street historic district will take you back to days gone by. Come discover Wake Forest's big city energy and small town charm.

Last Checked
1 minute ago
Last Updated
Oct 10, 2024
Days on Website
28

Property Details for 1125 S Main Street

1125 S Main Street is a 1.44 acre lot for sale in Wake Forest, NC 27587.

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Brian M Pate

Pate Realty Group

919-669-4575

Please contact Brian M Pate at Pate Realty Group direct by phone at 919-669-4575. You may also reach Pate Realty Group by phone at 919-669-4575.

Listing Provider for 1125 S Main Street

Offered by Red Door Company. Information Not Guaranteed. © Triangle MLS Inc. All rights reserved. Listings marked with a TMLSidx icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

Agent:
Brian M Pate
Agent Phone Number:
919-669-4575
Office:
Pate Realty Group
Office Phone Number:
919-669-4575
MLS ID:
10057259
Data Source:
Triangle MLS
Last Checked:
1 minute ago
Last Updated:
October 10, 2024 7:46 PM UTC
Days on Site:
28
Triangle MLS