Listed by Foundry Commercial Raleigh
Unpriced
Christian Chapel Church Road
Details
Property Type Land
Sub Type Commercial
Acreage 292.290
Zoning R-1 Residential District
Land | 292.29 acres
Marketing description
Foundry Commercial, a North Carolina broker, has been retained as the exclusive agent for the owner of C3 Development (the “Property”), a ±292.29-acre development opportunity located four minutes south of the US-1/Old-US-1 interchange in Chatham County, NC. C3 Development is currently zoned R-1 for residential use; however, if other use types are desired, a rezoning will be required. With nearby industrially zoned land, located within an Employment Center, likely rezoning designations for C3 Development may include industrial and/or commercial. C3 Development provides approximately 245 - 250 developable acres allowing developers flexibility with development options.
Located four miles south of the US-1/Old US-1 interchange (33,500 VPD), C3 Development is three miles from future Vin Fast, 11 miles from I-540, 16 miles from Sanford, 29 miles from Downtown Raleigh, and 30 miles from RDU Airport. Vin Fast has recently announced a nearby $4B and 7,500 job investment for North Carolina’s only electric vehicle manufacturing plant, which has spurred significant growth in the surrounding areas. With a tight industrial market in the Raleigh-Durham submarket coincided with limited large tracts of land, many developers are focusing on the US-1 corridor between Raleigh and Sanford.
C3 Development is uniquely located in a rapidly growing area with limited residential development to support nearby job creation. Currently, the majority of residential developments in the area are located north of US-1. C3 Development creates an opportunity for developers to create one of the first housing developments with proximity to Triangle Innovation Point (TIP) and the future Vin Fast development. Regardless of the development option selected, C3 Development is well positioned minutes from US-1 providing convenient access to Raleigh, Durham, Sanford, and surrounding areas.
Investment highlights
- Located Four Miles From the Us-1/old Us-1 Interchange (33,500 Vpd)
- Key Industrial Node in Chatham County
- Opportunity to Rezone for Desired Use
- Limited Residential Developments in the Surrounding Area
Listing Contacts
Listed by Foundry Commercial Raleigh
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Name
License
Is there information that looks off?
