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Hodge Rd
Knightdale, NC 27545
Land For Sale
·
19.06 AC
INVESTMENT HIGHLIGHTS
- Easy access to Raleigh and major interstates.
- Great access to surrounding greenways and walking trails.
EXECUTIVE SUMMARY
Avison Young's Carolinas Multifamily Team is pleased to exclusively represent the seller of the Hodge Road development land. The existing zoning of UR12 allows for a multifamily development of ±228 units, giving the developer efficiencies on the management and construction side. The property is situated at the intersection of Highway 87 and Hodge Road in Knightdale, NC. With excellent access to Downtown Raleigh and the I-540 outer loop, this location provides easy access to both Raleigh/Durham International Airport and Research Triangle Park. The property also has great access to surrounding greenways and walking trails. The location of this property provides a great marketing strategy for leasing to tenants who are looking for accessibility to all points of the Triangle. Both the current zoning and right to develop up to 12 units per acre provides the ability to streamline the entitlements process, begin construction and ultimately deliver units quicker in a booming market.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 19.06 AC |
| Zoning | R-7 - Residential | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 19.06 AC |
| Zoning | R-7 - Residential |
1 LOT AVAILABLE
Lot
| Lot Size | 19.06 AC |
| Lot Size | 19.06 AC |
Land for sale
DESCRIPTION
The Raleigh-Durham region, more commonly referred to as the Triangle, spans seven counties and includes two metro areas – the Durham-Chapel Hill MSA and the Raleigh-Cary MSA.
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