PRIME MIXED-USE DEVELOPMENT OPPORTUNITY US HIGHWAY 64 ASSEMBLAGE US HIGHWAY 64/JENKS ROAD/CREEKBIRD ROAD Apex, NC 27523

Transcription

1 PRIME MIXEDUSE DEVELOPMENT OPPORTUNITY US HIGHWAY 64 ASSEMBLAGE US HIGHWAY 64/JENKS ROAD/CREEKBIRD ROAD Apex, NC WIMBERLY ROAD AMERICAN TOBACCO TRAIL JENKS ROAD US HIGHWAY 64 Part of the CBRE affiliate network

2 OFFERING OVERVIEW CBRE Raleigh is pleased to offer this 47acre prime, mixeduse development opportunity in southwestern Wake County. Consisting of six contiguous parcels, with the opportunity to add additional acreage, the assemblage offers convenient access onto US Highway 64 via the planned interchange at Jenks Road. Positioned next door to the new 100acre Westford Planned Unit Development, approved for up to 550,000 square feet of nonresidential uses, up to 600 apartments and up to 900 single family lots, across from Sweetwater, a 165acre, 416lot residential community under construction and minutes from Beaver Creek Crossings, a 320,629square foot retail center, the US Highway 64 Assemblage offers convenience to all major retailers and thoroughfares. SIZE +/ acres (additional acreage could potentially be assembled) ZONING Rural Residential Residential80 Watershed FUTURE LAND USE Community MixedUse Rural Residential UTILITIES Town of Cary Water PIN# , , , , , FRONTAGE +/ 1,350 linear feet on US Hwy. 64 +/ 130 linear feet on Jenks Road DEED RESTRICTION No gasoline sales permitted if sold as bulk assemblage SALE PRICE Accepting Offers PLANNED INTERCHANGE OPTIONS *Illustrations from the Chatham/Wake NC Department of Transportation s US Highway 64 Corridor Study Report

3 FUTURE RICHARDSON ROAD EXTENSION US HWY. 64 ASSEMBLAGE Currently existing as a minor rural connection between Humie Olive Road and Olive Chapel Road, Richardson Road will become a major connection between US 64, US 1, and southwest Apex. As determined by citizens in the Western Area Plan, Richardson Road will be the predominant northsouth movement in the future in order to protect the rural nature of New Hill Olive Chapel Road. Richardson Road will extend to Jenks Road at US 64 via a gradeseparated interchange and will connect Olive Chapel Road, Humie Olive Road, Old US 1, US 1, and Holly Springs New Hill Road. In addition to the planned interchange at US 64 there will be a gradeseparated interchange at US 1 providing access to southwest Apex and Holly Springs as well as a crossing of the CSX railroad tracks. Richardson Road should be built as a rural roadway to transition between urban and rural areas. New location sections of Richardson Road that do not initially warrant a multilane facility should be built as a 2lane, mediandivided road with a shoulder section to be expanded when necessary. *Illustration and description from the Apex Transportation Plan

4 FOR SALE US HIGHWAY 64 ASSEMBLAGE Apex, NC UPCOMING NEARBY DEVELOPMENTS WHITE OAK CREEK CRESTMONT THE PINES AT WAKE CROSSING LAKE CASTLEBERRY GREENMOOR THE PRESERVE AT WHITE OAK CREEK THE FLATS AT 540 US HWY. 64 ASSEMBLAGE WESTFORD THE RESERVE AT BEAVER CREEK PUBLIX POINTE SWEETWATER DEER CREEK SADDLEBROOK Project Single Family Residential Multifamily Residential Office Retail Industrial Lake Castleberry 147 White Oak Creek 307 The Glen at Green Level Crossing 13 Crestmont 163 The Pines at Wake Crossing 140 Greenmoor 389 The Preserve at White Oak Creek Westford Up to 900 Up to 600 Up to 550,000 SF The Flats at Sweetwater 416 The Reserve at Beaver Creek 129 Publix Pointe 71,500 SF Deer Creek 251 Saddlebrook 114 ± ,600 3,200 1 inch = 800 feet 4,800 Feet Disclaimer imaps makes every effort the most current and accu However, the maps are pr and are NOT surveys. No are provided for the data t

5 290 FOR SALE TOPOGRAPHY & ZONING ± Wake County, City of Raleigh R80W RR TFCZ PUDCZ B1 ± Feet 1 inch = 200 feet PUDCZ TF Wake County, City of TFRaleigh Disclaimer imaps makes every effort to produce and publish the most current and accurate information possible. However, the maps are produced for information purposes, and are NOT surveys. No warranties, expressed or implied, are provided for the data therein, its use,or its interpretation.

6 Wake Forest Durham RESEARCH TRIANGLE PARK RaleighDurham Int l Airport William B Umstead State Park Cary Raleigh 440 US HWY. 64 ASSEMBLAGE 64 Apex 1 Garner CONTACT US CARLTON MIDYETTE, III Assistant Vice President carlton.midyette@cbreraleigh.com 2016 CB Richard Ellis Raleigh LLC. The information contained in this document has been obtained from sources believed reliable. While CB Richard Ellis Raleigh LLC does not doubt its accuracy, CB Richard Ellis Raleigh LLC has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. Part of the CBRE affiliate network