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Investment Highlights

  • US 1 Highway Corridor
  • Great for multi-family or Industrial development

Executive Summary

Call for Offers due by June 5th, 2026.

Property Facts

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Auto Dealership
  • Auto Repair
  • Cement or Gravel Plant
  • Contractor Storage Yard
  • Distribution
  • Golf Course or Driving Range
  • Hold For Investment
  • Industrial Live or Work Unit
  • Industrial Park
  • Lumberyard
  • Open Space
  • Parking Lot
  • Self Storage
  • Truck Terminal
  • Warehouse
Total Lot Size 29.74 AC
Zoning HD - See attached Wake County Highway District attachment. City of Raleigh open to rezoning.

1 Lot Available

Lot

Lot Size 29.74 AC

29.74 +/- acres along the US Highway 1 corridor within the Wake County zoning district as Highway District. Great for Industrial or Multi-Family. Water and Sewer close by.

Description

This 29.74-acre tract offers a premier land development opportunity along the high-visibility US Highway 1 corridor in Wake Forest, within Wake County’s Highway District zoning. The site is well-positioned for a variety of development scenarios, including industrial facilities, mixed-use projects, retail developments, or high-density multifamily communities. The City of Raleigh is open to rezoning, offering flexibility for future use. Its proximity to major transportation routes ensures exceptional regional connectivity, catering to both business and residential demand. Nearby utilities add convenience and reduce development timelines, making this parcel highly adaptable for developers seeking to capitalize on Wake Forest’s robust growth trajectory and strong economic fundamentals.

Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
1739.01-46-5393-000
Land Assessment
$1,577,649
Improvements Assessment
$0
Total Assessment
$1,577,649
  • Listing ID: 40409157

  • Date on Market: 5/5/2026

  • Last Updated:

  • Address: Ponderosa Service Rd, Wake Forest, NC 27587

Contact the Sale Advisor

Ponderosa Service Rd

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