306 S Allen Road

Wake Forest, NC 27587

Prime Downtown Wake Forest Redevelopment Opportunity - Approved Senior Housing Project For Sale - Reduced by $150,000 to $1.35 Million Presenting 306 S. Allen Road, a 2.74-acre parcel in the heart of Downtown Wake Forest. This site is already zoned and site-plan approved for a 31-unit senior apartment building totaling 23,438 square feet. The property is ideally located with easy access to major highways and direct connectivity to Raleigh via US 1/Capital Boulevard, making it convenient for residents and visitors alike. Demographics within a 10-mile radius: - Total population: 271,184 residents - Ages 62-64: 35,609 residents - Ages 65 and older: 42,571 residents This property represents an excellent investment opportunity in one of Raleigh's most popular and growing suburbs. While the site needs redevelopment work, the seller is open to joint-redevelopment discussions, offering flexibility for developers and investors alike. Note: 100% of the dwelling units must be designated for residents 62 years and older. Highlights: - 2.74 acres in Downtown Wake Forest - 23,438 sq ft site-plan-approved development - Zoned for 31 senior apartment units - Easy access to US 1/Capital Blvd Seller open to joint-redevelopment discussions. A rare approved opportunity in a thriving downtown location with strong senior housing demand.

Listing courtesy of James Hutson of Ninja Realty



Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.

Last checked: 2025-12-01 07:53 PM UTC