Asking Price Contact for pricing
Sq. Footage N/A
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 0

Property Description

+/- 212 contiguous acres: Neuse River-adjacent residential and commercial opportunity in the sought-after North Raleigh area

Investment Highlights

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp., a North Carolina licensed real estate broker (“HFF”), has been retained as the exclusive sales representative for Buffaloe Reserve (the “Property”), a +/- 212 gross acre residential and commercial development opportunity in the fast-growing, highly sought-after North Raleigh area of the Triangle region. The Property is a unique offering with approximately 2,018’ of frontage along the Neuse River as well as 2,906’ of frontage along I-540 – and is one of the largest undeveloped single-ownership parcels remaining in North Raleigh. The immediate area has experienced significant single-family growth in the past several years, with successful communities such as 5401 North ($300,000 to $600,000+ homes) and Belmont ($350,000 to $400,000+ homes) achieving strong pricing and robust absorption. Additionally, there has been limited multifamily development in the immediate area, while there is ample demand for more product.
Sarah Godwin
Sarah Godwin
Director
Licensed in
270966;108916
Justin Good
Justin Good
Managing Director
Licensed in
261333;78033

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