1125 South Main Street
Wake Forest, NC 27587
$400,000
Price
62,726 / 1.44
Lot Size / Acres
Description
1125 s. Main and 1137 S. Main are being sold together and the seller does not wish to separate them. This 1.88 acre tract of land is currently zoned GR3 (General Residential) but will be changed to commercial by the Town of Wake Forest before the end of the fiscal year (June 30, 2025). Per the town planning department, it will be zoned ''Neighborhood Commercial,'' currently referred to as ''Neighborhood Business (NB).'' The allowable uses are in the current NB zoning is under ''Neighborhood Mixed...1125 s. Main and 1137 S. Main are being sold together and the seller does not wish to separate them. This 1.88 acre tract of land is currently zoned GR3 (General Residential) but will be changed to commercial by the Town of Wake Forest before the end of the fiscal year (June 30, 2025). Per the town planning department, it will be zoned ''Neighborhood Commercial,'' currently referred to as ''Neighborhood Business (NB).'' The allowable uses are in the current NB zoning is under ''Neighborhood Mixed Use (NMX)'' and details are in the ''District Provisions Wake Forest UDO'' document in the document manager. The tract is located in the heart of Wake Forest near the intersection of Dr. Calvin Jones Highway (Hwy 98 Bypass) and South Main Street, two major arteries of traffic. It is located across the street from Lidl and just north of The Lodge at Wake Forest, an extended care facility. There is already a driveway on each property for access to South Main Street. No access will be permitted on Hwy 98 Bypass. Wake Forest, population 58,007 (2022) is a booming small town with population expected to be over 118,000 by 2040. The median household income is $115,159, nearly 70% higher than the media NC household, making it a destination for new businesses. There is a highly educated workforce with 57.8% or residents having a Bachelors Degree or higher. In addition, Wake Forest is part of the award-winning Wake County Public Schools system, the 15th largest district in the nation. There are 19 public schools, 9 charter schools and 6 private schools in Wake Forest. RDU Airport is only 40 minutes away from Wake Forest and there are over 600 flights on 14 major airlines to 48 non-stop destinations daily and seven international destinations daily. Recently, a $1.1 billion federal grant was awarded to revive passenger rail to Wake Forest for the construction of the S-Line from Raleigh to Wake Forest by 2030. North Carolina's income tax rate is the lowest in the United States at 2.5% and is scheduled to phase out entirely by 2030. The personal income tax rate is 4.75% and the sales tax in North Carolina is 7.25%. Out of 550 peers across North Carolina, Wake Forest is the 8th fastest growing municipality. The southern charm of the historic downtown and the walk through the historic homes in the North Main Street historic district will take you back to days gone by. Come discover Wake Forest's big city energy and small town charm.
- Listed by Brian M Pate • Pate Realty Group
Property Details for 1125 South Main Street
View
City
ViewYes
SubdivisionNot in a Subdivision
LISTING UPDATED: 10/20/2024 01:39 PM
Property Details for 1125 South Main Street
| Status | Active |
|---|---|
| MLS # | 10057259 |
| Days on Market | 43 |
| Taxes | $3,320 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Land |
| MLS Type | Land / Unimproved Land |
| Year Built | - |
| Lot Size | 1.44 AC |
| County | Wake County |
Building Information for 1125 South Main Street
Lot Size1.44 AC
Property Information for 1125 South Main Street
Summary
Location and General Information
- Zoning: GR3
- Directions: Intersection of Dr. Calvin Jones Hwy (Hwy 98 Bypass) and South Main Street. Southeast quadrant of intersection across the street from Alid.
- Subdivision Name: Not in a Subdivision
- Latitude: 35.965522
- Longitude: -78.51689
- Road Frontage Type: State Road, 2 Lane Road, Public Road
- Road Surface Type: Asphalt
Taxes and HOA Information
- Association: No
- Tax Annual Amount: $3,320.00
- City Limits Of: Wake Forest
- City Limits YN: Yes
- Lot Number: 0
- Restrictive Covenants YN: No
Contract Information
- Original MLS: Triangle MLS Inc
- Property Leased YN: No
- Years Owned: 1 or More Year(s)
School Information
- Elementary School: Wake - Wake Forest
- Middle Or Junior School: Wake - Wake Forest
- High School: Wake - Wake Forest
Property
Lot Information
- Lot Features: City Lot, Few Trees, Gentle Sloping, Hardwood Trees, Level, Near Public Transit, Rectangular Lot
- Lot Size Dimensions: Survey needed
- Parcel Number: 1840269740
- List PriceAcre: 277777.78
- Power Production YN: No
- Road Frontage Length: 175
Property and Assessments
- Photos Count: 13
- Possible Use: Commercial, Unimproved
- Below Grade Finished Area Units: Square Feet
- Current Use: Unimproved
- Senior Community: No
Utilities
- Sewer: Public Sewer
- Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
- Water Source: Public
- Water_Sewer: Public, Public Sewer, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
Interior and Exterior Features
Exterior Features
- Fencing: None
- Pool Private: No
Interior Features
- Interior: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
Agent
Sale and Listing
- Property Class Name: CrossProperty
Property History for 1125 South Main Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1125 South Main Street
Taxable ValueLand$355,740Additions-Total$355,740
Tax Record2024$3,321 ($277 / month)
Home Facts
Beds0Total Finished SqFt1,872 SqFtAbove Grade Finished SqFt1,872 SqFtStories1Lot Size62,726 SqFtStyleMiscellaneous Vacant LandYear Built1945ZoningGR3CountyWAKEAPN1840.10-26-9740 0043730
Schools near 1125 South Main Street
This home is within Wake County School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 13 |
Rating | School | Distance |
|---|---|---|
Forest Pines Elementary PublicPK to 5 | ||
Wake Forest Middle School Public6 to 8 | ||
Heritage High School Public9 to 12 | ||
North Wake College And Career Academy Public9 to 13 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Pate Realty Group
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