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Investment Highlights

  • High Traffic Area.
  • 35 minutes to Raleigh/Durham international airport.
  • Proximity to I-540 and I-40.
  • 15 minutes from downtown Raleigh.

Executive Summary

Amazing commercial business development opportunity. Absolutely the hottest spot in Wake and Johnston counties. This high growth corridor is the fastest growing area in North Carolina. Excellent location for upscale eateries and businesses. This area is primed for commercial ventures as I-540 is within .5 miles. Three big boxes already exist at this intersection of hwy 50 and 42. Publix. Food lion. Lowes Food. Common Creek Shopping Center, Middle Creek Crossings and Sheetz Commons are next door. Investment or Owner User. Raleigh/Durham international airport 35 minute drive.

Property Facts

Price $15,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 20.00 AC
Zoning RAG - Commercial and residential zoning

1 Lot Available

Lot Multiple

Price $15,000,000
Price Per AC $750,000.00
Lot Size 20.00 AC

20 acres, 1+ acre commercial lots on along Highway 50 for $800,000 an acre... Mixed use. 50 acre track total. 30 is under contract for multiple family. The remaining 20 acres are for Commerical use. Utilities to include water and sewer.

Description

20, 1 acre commercial lots along Highway 50 AND at the intersection of HWY 50 and 42. Property is located on HWY 50 N just 5 minutes from I-540 and 2 miles from I-40. 15 minutes from downtown Raleigh. Premier Commercial Development Opportunity - 20 One-Acre Commercial Lots Available Position your business or investment in one of the fastest-growing commercial corridors in North Carolina. This exceptional offering features 20 commercial lots of approximately one acre each, located along highly traveled NC Highway 50 in Garner, NC. Lots may be purchased individually or assembled to accommodate larger developments. The commercial acreage is part of a 50-acre mixed-use development, with 30 acres already under contract for multifamily residential, creating a built-in customer base and strong long-term demand for commercial services. Strategically located at the intersection of NC Highway 50 and NC Highway 42, this property offers outstanding visibility, easy access, and tremendous future growth potential. Public water and sewer will serve the development, making these sites ideal for retail, restaurants, medical offices, professional services, financial institutions, hospitality, fitness, daycare, and other commercial uses. The area is already anchored by major national retailers, including Publix, Food Lion, Lowe's Foods, Sheetz, along with the thriving Common Creek Shopping Center and Middle Creek Crossings, all located nearby. With the I-540 Southern Wake Expressway less than one-half mile away, this corridor is experiencing unprecedented residential and commercial growth, making it one of the premier investment opportunities in both Wake and Johnston Counties. Whether you're an owner-user, developer, or investor, this is a rare opportunity to secure premium commercial frontage in one of the Triangle's most desirable expansion corridors. Highlights 20 commercial lots available (approximately 1 acre each) Individual lots or assemblages available Offered at $800,000 per acre Part of a 50-acre mixed-use development 30 acres under contract for multifamily residential Public water and sewer Highway 50 frontage with excellent visibility Less than ½ mile from the new I-540 interchange Minutes to Raleigh, Garner, Fuquay-Varina and Clayton Approximately 35 minutes to Raleigh-Durham International Airport (RDU) Outstanding opportunity for retail, restaurant, medical, office, hospitality, and service-oriented businesses The future of commercial growth is happening here. Secure your location today in one of the Triangle's most dynamic and rapidly expanding corridors.

Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 06D01018C
  • 06D02018A
  • 06D01030A
  • 06D01018
  • 06D01018A
  • 06D01018B
Land Assessment
$1,465,680
Improvements Assessment
$483,380
Total Assessment
$1,949,060
  • Listing ID: 25593236

  • Date on Market: 4/29/2022

  • Last Updated:

  • Address: 16577 NC Highway 50 N, Garner, NC 27529

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