Property Overview
Price/Rent PSF $ 725,000.00
Asset Type Land
Trade Type Sale
Acres Available 0.51
Date Available 04/18/2019
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Description

Location
Fuquay-Varina is a growing community located just 30 minutes from downtown Raleigh. From 2010-2016, the Town grew by 42 percent making it the 6th fastest growing municipality in North Carolina. Because of the merger between Fuquay Springs and Varina in 1963 the Town of Fuquay-Varina, North Carolina, is unique in having two distinct downtowns. Committed to enhancing its downtowns with critical investments, the Town looks to redevelop both of its Main streets into vibrant, connected, walkable spaces. As it currently sits, N Main Street of Fuquay-Varina features historic storefronts filled with restaurants, taprooms, boutique shops, and galleries. The Town has recently gained site control of 3.7 acres of land on N Main Street, immediately next door to the subject parcel, for redevelopment that will showcase Fuquay-Varina’s commitment to mixed-use development, increased pedestrian connectivity, and creative parking solutions.

Sale
This 0.51 acre parcel is a "Tear Down" currently zoned “Downtown Center-1 (DC-1)” by the Town’s Land Development Ordinance. The Downtown Center zoning district is intended to encourage development and make downtown “a prime destination within the community.” The DC-1 district is geared towards a dense mix of retail and residential uses and emphasizes pedestrian-friendly development.
Committed to enhancing its downtowns with critical investments, the Town looks to redevelop both of its Main streets into vibrant, connected, walkable spaces. As it currently sits, N Main Street of Fuquay-Varina features historic storefronts filled with restaurants, taprooms, boutique shops, and galleries. The Town has recently gained site control of 3.7 acres of land on N Main Street, immediately next door to the subject parcel, for redevelopment that will showcase Fuquay-Varina’s commitment to mixed-use development, increased pedestrian connectivity, and creative parking solutions.

Location