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INVESTMENT HIGHLIGHTS
- 2.23 Acres Zoned PUD-CZ
- Near downtown Apex and the Triangle Expressway I-540
- Adjacent to Depot 499, Lennar mixed use community
EXECUTIVE SUMMARY
- Directly adjacent to Depot 499, a significant Lennar mixed-use development that will include over 1,000 residential units and more than 100,000 square feet for commercial uses. This provides an immediate and growing customer base right next door.
- About 3 miles from the future site for the North Carolina Children’s Hospital.
- Conveniently situated between historic Downtown Apex and the Triangle Expressway I-540.
- Exceptional highway access: Less than 0.4 miles from I-540, ensuring seamless connectivity to the wider Triangle region.
- Only about 2 miles from Downtown Apex's historic district, a vibrant area filled with boutiques, antique shops, and diverse dining experiences including:
- Just seven minutes from Beaver Creek Crossings for comprehensive shopping, dining, and entertainment options, including movies.
- Under 8 miles from Beaver Creek Commons, featuring major retailers like Target and a variety of dining spots.
- Recreational Opportunities: A 92-acre Town of Apex park is located less than a mile from the community, enhancing the appeal for residents, employees, and customers.
Lennar Carolinas, LLC (Depot 499) and Regency International Investments, LLC (owner) were the parties responsible for off-site infrastructure improvements including right-of-dedication, road expansion, the traffic light at the intersection of Apex Barbecue Road and South Salem Street, among others at a cost of over $800,000.
See “Permitted Uses” in the attached final approval by the Apex Town Council of the PUD-CZ zoning petition in 2020. Additionally, two conceptual design examples are shown below illustrating the range of potential development options.
A mixed-use building with a proposed area of approximately 90,000 square feet (spread across 6 floors, each approximately 15,000 square feet) is specifically detailed in conceptual plans with a proposed building height of approximately 90 feet in height which is available upon request.
A proposed "Amenity Plaza" is presented and referenced in conceptual plans to include potential retail and a convenience store with fuel which is available upon request. Of note, a rezoning is required for fuel use.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $3,500,000 | Lot Size | 2.23 AC |
| Price Per AC | $1,569,506.73 |
| Price | $3,500,000 |
| Price Per AC | $1,569,506.73 |
| Lot Size | 2.23 AC |
This is a 2.88 acre plot of leveled, finish graded land ready for development. It has all utilities to site including electricity, water, sewer, cable, telephone and irrigation. The lot is currently zoned PUD-CZ.
DESCRIPTION
2.23 acres of prime commercial development property in Apex for ground lease. This property has an exceptional location that ensures high visibility and accessibility: - Directly adjacent to Depot 499, a significant Lennar mixed-use development that will include over 1,000 residential units and more than 100,000 square feet for commercial uses. This provides an immediate and growing customer base right next door. - About 3 miles from the future site for the North Carolina Children’s Hospital. - Conveniently situated between historic Downtown Apex and the Triangle Expressway I-540. - Exceptional highway access: Less than 0.4 miles from I-540, ensuring seamless connectivity to the wider Triangle region. - Only about 2 miles from Downtown Apex's historic district, a vibrant area filled with boutiques, antique shops, and diverse dining experiences including: - Just seven minutes from Beaver Creek Crossings for comprehensive shopping, dining, and entertainment options, including movies. - Under 8 miles from Beaver Creek Commons, featuring major retailers like Target and a variety of dining spots. - Recreational Opportunities: A 92-acre Town of Apex park is located less than a mile from the community, enhancing the appeal for residents, employees, and customers. Lennar Carolinas, LLC (Depot 499) and Regency International Investments, LLC (owner) were the parties responsible for off-site infrastructure improvements including right-of-dedication, road expansion, the traffic light at the intersection of Apex Barbecue Road and South Salem Street, among others at a cost of over $800,000. See “Permitted Uses” in the attached final approval by the Apex Town Council of the PUD-CZ zoning petition in 2020. Additionally, two conceptual design examples are shown below illustrating the range of potential development options. A mixed-use building with a proposed area of approximately 90,000 square feet (spread across 6 floors, each approximately 15,000 square feet) is specifically detailed in conceptual plans with a proposed building height of approximately 90 feet in height which is available upon request. A proposed "Amenity Plaza" is presented and referenced in conceptual plans to include potential retail and a convenience store with fuel which is available upon request. Of note, a rezoning is required for fuel use.
PROPERTY TAXES
| Parcel Number | 0731.12-87-3224-000 | Improvements Assessment | $0 |
| Land Assessment | $582,834 | Total Assessment | $582,834 |
PROPERTY TAXES
Presented by
Apex Barbecue Rd
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