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507 W Williams St

5.01 Acres of Commercial Land Offered at $3,700,000 in Apex, NC 27502

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Investment Highlights

Incredible location next to Walgreens and the US Post Office.

Executive Summary

Rare development site adjoining Walgreens and the US Postal Service with Harris Teeter just a block away. This site has been approved by Apex for 84 Senior apartments/condos (age 55 and older.) This approval was granted in April 2001. Shared driveway access with Walgreens. Seller will consider the rezoning process for the right retail use.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access	Annual	Annual Per AC
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual	-
Annual Per AC	-

Operating Expenses
Annual	-
Annual Per AC	-

Total Expenses
Annual	$99,999
Annual Per AC	$9.99

Property Facts

Price	$3,700,000	Property Subtype	Commercial
Sale Type	Owner User	Proposed Use	Commercial Mixed Use Apartment Units
No. Lots	1	Total Lot Size	5.01 AC
Property Type	Land

Price	$3,700,000
Sale Type	Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Mixed Use Apartment Units
Total Lot Size	5.01 AC

1 Lot Available

Lot

Price	$3,700,000	Lot Size	5.01 AC
Price Per AC	$738,523

Price	$3,700,000
Price Per AC	$738,523
Lot Size	5.01 AC

Very rare development site in the heart of Apex! Current zoning is Planned Unit Development-Conditional Zoning which was approved in April 2021.

Description

5.01 ideally suited for senior housing or retail use. Nestled between Walgreens and the US Post Office. Harris Teeter is only a block away. High income demographics!

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