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4925 Sunset Lake Rd

19.79 Acres of Commercial Land Offered at £5,523,000 in Apex, NC 27539

Investment Highlights

  • Excellent location for mixed-use multifamily project adjacent to new I-540 extension.
  • Right off of I-540 Triangle Expressway
  • High Demographics Area (Average HHI is $142K in 3 mile radius).

Executive Summary

Ideal Mixed-Use Location: Adjacent to the new I-540 extension, enhancing accessibility for future development.
Zoning Classification: Designated as "Regional Center" in the Holly Springs Northeast Gateway Plan, promoting high-intensity development.
Strong Demographics: Average household income of $142K within a 3-mile radius, indicating robust market potential.
Educational Excellence: Situated in a top-rated school district, featuring Holly Springs High School and the upcoming H-12 High School to support growth.

Property Facts

Price £5,523,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Single Family Development
Total Lot Size 19.79 AC
Cross Streets Bellagio Dr

1 Lot Available

Lot 3

Price £5,523,000
Price Per AC £279,080
Lot Size 19.79 AC

3 parcels R-30 zoning

Description

This property offers an ideal mixed-use location, situated adjacent to the new I-540 extension, enhancing accessibility for future development. Zoned as "Regional Center" under the Holly Springs Northeast Gateway Plan, it supports high-intensity development. With an average household income of $142K within a 3-mile radius, the area boasts strong demographics and significant market potential. The property is located in a top-rated school district, home to Holly Springs High School and the upcoming H-12 High School, ensuring educational excellence. Additionally, it benefits from convenient access to city sewer infrastructure, further supporting growth.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0750.04-90-1058-000
Land Assessment
£1,027,905
Improvements Assessment
£0
Total Assessment
£1,027,905

zoning

Zoning Code R-30 (Residential)
R-30 (Residential)
  • Listing ID: 26375040

  • Date on Market: 10/08/2022

  • Last Updated:

  • Address: 4925 Sunset Lake Rd, Apex, NC 27539

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