Wendell Commerce Center - Mutifamily Land
Land
Marketing description
Lee & Associates Raleigh-Durham is pleased to present the opportunity to acquire two multifamily sites within the Wendell Commerce Center Planned Use Development (PUD). Strategically located at the intersection of I-87 and US 64 Business (Wendell Boulevard), this ±257-acre development will bring considerable commercial and residential growth to the eastern side of Wake County. The PUD permits up to 650 multifamily units.
With major employers, retail, and residential located in close proximity, this development opportunity is situated in a dynamic live-work-play area in one of the top metro areas of the United States. Within a twenty-minute drive of the property are dozens of amenities, downtown Raleigh and the Raleigh-Durham International Airport
Investment highlights
The Wendell Commerce Center PUD contains four zones that permit various uses. Together, Zone 2 and Zone 4 have a capacity of 650 multifamily dwelling units.
Zone 2 (±15.8 acres), adjacent to US Hwy 64 Business (Wendell Boulevard), is intended to support commercial and multifamily development. This zone permits a number of commercial uses, including a hotel.
Zone 4 (±33.5 acres) is designated for single or multifamily development. Site 4 also permits up to 8 townhome units per acre and 4 single-family homes per acre. The number of townhomes is exclusive of the 650 multifamily unit count.
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