Poole Road & Hodge Rd - Commercial LAND FOR SALE


Knightdale, NC 27545 837,223 SF
$4,936,250 USD
919-573-1392
Poole Road & Hodge Rd, Knightdale, NC for Sale
$4,936,250 USD
Commercial LAND - FOR SALE
1/1
837,223 SF

Poole Road & Hodge Rd
Knightdale, NC 27545


HIGHLIGHTS

  • The proposed I-540/Poole Road interchange is located one mile to the east with construction slated for 2028.
  • Property is adjacent to the proposed Riverview Commons, an approved 73, 000 SF retail center currently for sale.

OVERVIEW

Riverview Commons is located at the signalized Poole Road and Hodge Road intersection in Knightdale, NC. The 19.22-acre tract, Riverview Commons, was approved as an approximately 73,000-SF retail center in 2007. Phase 1 consisting of four (4) outparcels was constructed and accepted before the 2007 crash and the start of the shopping center site. Millions of dollars have been spent on infrastructure (retention pond, utilities, roads widened, etc.) for the shopping center site. Currently, there are two (2) existing grocers within a 3-mile radius. The 26.84-acre tract wraps around the 19.22-acre tract and is zoned Residential Mixed-Use (RMX) which provides for areas of higher density residential development with maximum development density: 18 units/acre (gross acreage). The highest and best use for these parcels is to combine the two parcels and redesign with a smaller retail center and the remainder as high density residential. Approved outparcels could be sold immediately for cash flow. Knightdale Planning Department has expressed their desire for this concept.

FOR SALE DETAILS

PRICE

$4,936,250 USD

PRICE/ACRE

$256,829/AC

PRICE/SF

$6 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Riverview Commons

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Mixed Use, Multi-Family, Apartment Units, Storefront Retail/Residential

LAND ACRES

19.22 AC

LAND SF

837,223 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas

ZONING

NMX

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael KeenTradeMark PropertiesMore Info
919-573-1392

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Michael KeenTradeMark PropertiesMore Info
919-573-1392

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.