306 S Allen Road, Wake Forest, NC 27587 (MLS# 100482908)
306 S Allen Road, Wake Forest, NC 27587
$1,500,000
Property Type:
Comm Sale or Lease
Square Footage:
23,438
Lot Size (sq. ft.):
119,790
Status:
Active
Current Price:
$1,500,000
List Date:
1/10/2025
Last Modified:
1/13/2025
Description
Highlights
Approved Site Plan - 23,438 SF former nursing home with approved site plan for up to 31 apartments for residents age 62 & over (100% of the dwelling units must be designated for residents 62 years & older)
2.75 acres located in the heart of downtown Wake Forest with easy access to highways and direct access to Raleigh via US 1/
Capital Boulevard
Zoning - Residential Mixed-Use Conditional District (RMXCD) - single-story building offering easy access for all resident rooms on the main floor
Property offers easy parking and access to front door as well as several other entrance points around the building and numerous amenities and services nearby
Some photos are historical and the property has not been occupied for a number of years
Sale Price: ''as is'' $1,500,000 (Seller-financing available depending on terms of offer)
More Information MLS# 100482908
Contract Info
Available Date: 2025-01-09
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2025-01-10
Sub-Type: Multi Family
Garage: SentriLock
Sale/Lease: Sale
Listing Price: 1500000
Current Price: $1,500,000
List Price/SqFt: 64
Stipulation of Sale: Standard
Location Information
Street #: 306
Pre Direction: S
Street Name: Allen
Street Suffix: Road
County: Wake
State/Province: NC
Zip Code: 27587
City Limits: Yes
Marketing City: Wake Forest
Subdivision: Neils Crossing
Geo Lat: 35.971715
Geo Lon: -78.503617
Remarks and Showing
Directions to Property: Located in the heart of downtown Wake Forest with easy access to highways and direct access to Raleigh via US 1/Capital Boulevard
Sign on Property: Yes
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 23438
Legal and Taxes
Tax Assessed Value: 2244481
Deed Book: 019069
Deed Page: 2745
Legal: CADELL LAND WAKE FOREST REST HOME
Broker Owner: No
PID: 1840688987
Tax Identifier: 1840688987
Plat Book: 019069
Plat Page: 02745
Special Assessments: no
Tax Year: 1958
Year Built: 1958
Zoning: GR5
HOA: No
Cobra Zone: No
Property Features
Attic: None
Basement: Exterior Entry; Unfinished
Current Use: Commercial; Multi-Family; Residential; Vacant
Heating System Fuel Source: See Remarks
Listing Office: Dogwood Properties-Atlantic Beach
Last Updated: January - 13 - 2025
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