GILCREST LAND – 14 ACRE SITE IN WAKE FOREST, NC

On behalf of ownership, Deaton GREA is pleased to present a prime residential, mixed-use development site in the the rapidly growing market of Wake Forest, N.C. Located on the northern border of Raleigh, Wake Forest is part of the thriving metropolitan area of Raleigh-Durham and the Research Triangle Park Region. This larger region is known for its focus on research and innovation and has benefited from tremendous growth in population, employment, and wages over the last decade. Demographics within five miles of the site boast a population of more than 86,000 residents with an average household income over $110,000.

The 14-acre site is zoned for Residential Mixed-Use (RMX) which allows for multifamily, single-family, town homes, skilled nursing, assisted living, and some light commercial uses. The property has more than 600 feet of road frontage along Gilcrest Farm Road which conveniently connects the site to multiple retail, employment and entertainment centers in Wake Forest. This combination of zoning and location presents developers a wide range of possibilities for the site. A recent SURVEY and ZONING REPORT are available for download at these links.

Bordering the property to the north is a fully-developed, 55+ active adult community featuring 455 homes (Del Webb at Traditions). Immediately to the south of the site, a 270-unit multifamily site is nearing completion (Hawthorne at Traditions).