5.08-Acre Commercial Development Site

Foundry Commercial, a North Carolina broker, has been retained as the exclusive agent for the owner of the Needham and Buffaloe Road property, a 5.08-acre commercial development opportunity located at the Interstate 540 (62,500 vehicles per day)/ Buffaloe Road (23,500 VPD) interchange within the extraterritorial jurisdiction (ETJ), an area outside of Raleigh city limits but subject to city to zoning and building regulations The site is zoned for Agricultural Productive (AP) with a favorable future land use of Community Mixed Use, which allows for a wide range of commercial uses. Needham Road and the residential/commercial development to the east will provide access to the property. The Needham and Buffaloe Road property is next to the planned Buffaloe Road Apartments complex (421 units) and the future Publix-anchored shopping center. Additionally, the property is located at the Interstate 540/ Buffaloe Road signalized interchange with nearly 200 feet of frontage onto Buffaloe Road, providing visibility to over 23,500 vehicles per day. The site is supported by strong demographics, with an estimated average annual household income of $119,631 within 1 mile of the site. The Needham and Buffaloe Road site provides a strong interstate-adjacent location supported by many residential and commercial developments. The existing AP zoning allows for select by-right uses; however, most commercial uses require rezoning. The Community Mixed Use Future Land Use primarily corresponds with the CX zoning designation, allowing for various commercial uses and densities. Please visit the data room and contact the Foundry Commercial team to learn more about this incredible development opportunity.