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Investment Highlights

  • • Prime 2.88+/- acres on Dr. Calvin Jones Highway (NC 98 Bypass)
  • • Zoned Neighborhood Business for retail trade and services purposes
  • • AADT exposure of 29,000 to 31,500
  • • High-visibility commercial site in Wake Forest, NC near the US 1A intersection (South Main Street)
  • • Right-in Right-out access from/to NC 98 Bypass
  • • 430 feet +/- road frontage

Executive Summary

This strategic location provides convenient access to major markets while supporting flexible commercial possibilities. Potential uses include retail, restaurant/QSR, service or medical office, neighborhood shopping/service center, c-store, bank, or multi-tenant strip.
The property is:
• Located along Dr. Calvin Jones Highway (NC 98 Bypass), a major east-west corridor connecting to US-1/Capital Blvd and southeast Wake County.
• Adjacent to Lidl and within minutes of Wegmans-anchored Grove 98 and surrounding mixed-use/retail developments, driving strong regional draw and daily trips.
• Positioned in the path of growth near master-planned communities such as Holding Village and other high-end residential neighborhoods.
Wake Forest is a fast-growing Raleigh-Durham suburb with a projected 2026 population near 65,000 residents. The median household income is approximately $120,000–$124,000, supporting retail, service, and medical uses. Robust residential growth nearby continues to expand the trade area and daytime population for service, retail, and hospitality users.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per AC (CAD)
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Taxes (CAD)
Annual $99,999
Annual Per AC $9.99
Operating Expenses (CAD)
Annual -
Annual Per AC -
Total Expenses (CAD)
Annual $99,999
Annual Per AC $9.99

Property Facts

Price $3,020,820 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 2.88 AC
Zoning NB - The zoning is Neighborhood Business (“NB”) – See permitted uses under District Provisions Section 2.3 and Use Table 2.3.3.

1 Lot Available

Lot

Price $3,020,820 CAD
Price Per AC $1,048,895.87 CAD
Lot Size 2.88 AC

This 2.88+/- acre commercial property at 0 Dr. Calvin Jones Hwy in Wake Forest, NC offers a prime development opportunity with approximately 430 linear feet of frontage along Dr. Calvin Jones Hwy / NC 98 Bypass.

Description

This 2.88+/- acre commercial property at 0 Dr. Calvin Jones Hwy in Wake Forest, NC offers a prime development opportunity with approximately 430 linear feet of frontage along Dr. Calvin Jones Hwy / NC 98 Bypass and high daily traffic exposure (29,000 to 31,500 AADT). Public water and sewer are available. Zoned NB (Neighborhood Business), the site is suitable for retail trade and services purposes and is located near the US 1A intersection. Property is located between Lidl (1120 S. Main St.) and Siena Office Park (600 to 620 Dr. Calvin Jones Hwy) near the intersection of Dr. Calvin Jones Highway / NC 98 Bypass and US 1A. There is a right-in, right-out from NC 98 Bypass at the Lidl entrance with an easement into the property. The zoning is Neighborhood Business (“NB”) – See permitted uses under District Provisions Section 2.3 and Use Table 2.3.3. There is a conditional use permit approved prior to construction of NC 98 Bypass. Per Section 2.2 of the Wake Forest UDO, “The Neighborhood Business District is established as a district in which the principle use of land is for retail trade and services purposes of a lower intensity than the Highway Business (HB) District. Such districts are generally located near residential areas and cater to the everyday needs of nearby residential neighborhoods, stressing accessibility by automobiles, bicycles, and pedestrians.”

Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
  • Listing ID: 40177764

  • Date on Market: 2026-04-16

  • Last Updated:

  • Address: Dr Calvin Jones Hwy, Wake Forest, Wake Forest, NC 27587

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