617 Old Tarboro Road, Wendell, NC 27591-9812

Foundry Commercial, a North Carolina broker, has been retained as the exclusive agent for the seller (contracted party) of Old Tarboro Road Townhomes (the "Property"), offering 127 townhome lots with master plan approval. The property is located within the Town of Wendell, approximately three minutes from the I-87 (60,000 VPD) / US64 Business (23,000 VPD) signalized interchange. The site was successfully rezoned to Neighborhood Commercial – Conditional District (NC-CD) and annexed into the Town of Wendell in June 2024. In addition to the rezoning and annexation, the seller has completed significant due diligence, including an approved master plan and near-complete construction drawings. The approved master plan features lot frontages of 20' and 22', with depths ranging from 80' to 105'. With these approvals in place and a prime Wendell location, Old Tarboro Road Townhomes presents a shovel-ready opportunity for residential and build-to-rent developers.

Centrally located within the Wendell submarket, Old Tarboro Road Townhomes offers convenient access to key employment centers and everyday amenities. Wake Tech Community College's East Wake Campus, just three minutes north, features state-of-the-art labs, a 76,000 SF public safety simulation complex, and a new Advanced Technology Center under construction. Seven minutes away, Treelight Square offers over 35,000 SF of retail and a 48,000+ SF Publix. Two minutes west, Oppidan is developing Wendell Commerce Center, a 257-acre mixed-use project expected to deliver nearly 2 million SF of industrial and flex space, five retail outparcels, and up to 650 multifamily units.

Old Tarboro Road Townhomes presents an opportunity to capitalize on the continued growth of the Wendell submarket, driven by significant public and private investment. Demand is supported in part by Wendell Falls, a master planned community with over 4,000 units, and over the past 12 months, more than 175 new construction townhomes have sold within a three-mile radius at an average price of $300,175. The property differentiates itself with a planned amenity package including a pool, pickleball courts, a dog park, and a playground. Combined with proximity to major thoroughfares and employment hubs such as Downtown Raleigh and North Hills, Old Tarboro Road Townhomes is well-positioned to meet demand from buyers seeking connectivity and community-oriented living.