1125 S Main St Wake Forest, NC 27587
Estimated payment $2,510/month
Highlights
- City View
- 1.44 Acre Lot
- Partially Wooded Lot
- Heritage High School Rated A
- Property is near public transit
- No HOA
About This Lot
1125 S. Main, 1137 S. Main, and 0 South Main are being sold together and the seller does not wish to separate them. The price of all three properties together is $1,100,000,
This 2.81 acre tract of land is currently zoned GR3 (General Residential) but will be changed to commercial by the Town of Wake Forest before the end of the fiscal year (June 30, 2025).
Per the town planning department, it will be zoned ''Neighborhood Commercial,'' currently referred to as ''Neighborhood Business (NB).'' The allowable uses are in the current NB zoning is under ''Neighborhood Mixed Use (NMX)'' and details are in the ''District Provisions Wake Forest UDO'' document in the document manager.
The tract is located in the heart of Wake Forest near the intersection of Dr. Calvin Jones Highway (Hwy 98 Bypass) and South Main Street, two major arteries of traffic. It is located across the street from Lidl and just north of The Lodge at Wake Forest, an extended care facility.
There is already a driveway on each property for access to South Main Street. No access will be permitted on Hwy 98 Bypass.
The town's trade area includes over 230,000 people and is a hub for small businesses and entrepreneurs.
Wake Forest, population 61,987 (2024) is a booming small town with population expected to be over 118,000 by 2040. The median household income is $115,159, nearly 70% higher than the media NC household, making it a destination for new businesses.
There is a highly educated workforce with 57.8% or residents having a Bachelors Degree or higher. In addition, Wake Forest is part of the award-winning Wake County Public Schools system, the 15th largest district in the nation. There are 19 public schools, 9 charter schools and 6 private schools in Wake Forest.
RDU Airport is only 40 minutes away from Wake Forest and there are over 600 flights on 14 major airlines to 48 non-stop destinations daily and seven international destinations daily.
Recently, a $1.1 billion federal grant was awarded to revive passenger rail to Wake Forest for the construction of the S-Line from Raleigh to Wake Forest by 2030.
North Carolina's income tax rate is the lowest in the United States at 2.5% and is scheduled to phase out entirely by 2030. The personal income tax rate is 4.75% and the sales tax in North Carolina is 7.25%.
Out of 550 peers across North Carolina, Wake Forest is the 8th fastest growing municipality. The southern charm of the historic downtown and the walk through the historic homes in the North Main Street historic district will take you back to days gone by.
Come discover Wake Forest's big city energy and small town charm.
Please contact the listing agent for a link to all details on the property.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,320
Year Built
- 1945
Lot Details
- 1.44 Acre Lot
- Property fronts a state road
- Brush Vegetation
- Rectangular Lot
- Level Lot
- Partially Wooded Lot
- Few Trees
- Property is zoned GR3
Schools
- Wake Forest Elementary And Middle School
- Wake Forest High School
Utilities
- Phone Available
- Cable TV Available
Additional Features
- City Views
- Property is near public transit
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 1840269740
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,321 | $355,740 | $355,740 | $0 |
| 2023 | $1,015 | $87,360 | $87,360 | $0 |
| 2022 | $974 | $87,360 | $87,360 | $0 |
| 2021 | $957 | $87,360 | $87,360 | $0 |
| 2020 | $957 | $87,360 | $87,360 | $0 |
| 2019 | $963 | $77,600 | $77,600 | $0 |
| 2018 | $911 | $77,600 | $77,600 | $0 |
| 2017 | $881 | $77,600 | $77,600 | $0 |
| 2016 | $0 | $77,600 | $77,600 | $0 |
| 2015 | -- | $92,000 | $92,000 | $0 |
| 2014 | -- | $92,000 | $92,000 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/09/2024 10/09/24 | For Sale | $400,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $225,500 | None Available |
Source: Doorify MLS
MLS Number: 10057259
APN: 1840.10-26-9740-000
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