Land

Walnut Village

1215 Walnut St, Cary, NC, 27511, US

Walnut Village_Property for Sale

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Asset description

Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for Walnut Village. A ±3.47 acre in-fill development opportunity located one block from future Epic Games Headquarters which will be home to 2,000+ employees. The site gently slopes from front to rear with multiple utility access points on site. While existing zoning permits multifamily and condos, achieving desired density levels will likely require a rezoning or the removal of density restrictions currently in place under CT zoning. There is an additional 1.5 acres adjacent to the site that can be purchased through a separate owner, offering potential development optionality for up to 5 acres. Located under 10 minutes from three top-rated local schools (Elementary, middle, and High), Harris Teeter, Starbucks, and walking distance from an 11-acre local gem Walnut Street Park. Walnut Village is a prime infill development opportunity located in a high barrier-to-entry submarket boasting an average family income of $127,679 (3-mi radius Regis,2022), and great connectivity throughout the region.

Attributes

Land area net
3.47 acres (151,153 sf)

Investment highlights

  • +20% Median Home Sale Price Year over Year in 27511 (REDFIN, 2022)
  • 3rd Hottest Real Estate Market (Zillow 2022)
  • 5 Minutes to Fenton
  • 15 Minutes to Research Triangle Park (55k+ employees)
  • 15 Minutes to Downtown Raleigh (50k+ employees)

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Last updated
Aug 11, 2022