7333 Knightdale Blvd. Knightdale, NC 27545

FEATURED LISTING

7333 Knightdale Blvd.
Knightdale, NC 27545
$400,000

OFFERED BY: Kima Commercial, LLC / Keller Williams Preferred Realty

 

 

This .50 acres lot is in a QUALIFIED OPPORTUNITY ZONE! Located within one mile of dozens of major retailers and zoned Highway Business with frontage to Knightdale Blvd., you can expect 28,000 average annual daily traffic. Public Water and Public Sewer are available at the property, and the house on the lot will convey at no additional cost. PIN # 1754361173

 

HIGHLIGHTS

  • Qualified Opportunity Zone
  • Great road frontage
  • Located near dozens of retailers

 

Want more info? Check out the property WEBSITE.

Do You Need a Commercial Real Estate Broker to Sell Your Land?

Yep, You DO Need a North Carolina Commercial Real Estate Broker to Sell Your Land!

Commercial land transactions that did not end well are a leading contributor to the use of error and omissions insurance claims!  There are so many variables in a land transaction that it pays to have someone experienced leading, guiding, educating and closing the sale for you.  In the state of North Carolina we have seen far too many agents not educated in the potential intricacies associated with the purchase or sale of land.  Often times the broker is a residential only agent that see dollar signs in front of them.  We all understand this and many have been down this road.  Heck, we know great land brokers today that once started that way and came through unscathed.  But we also know brokers that have gotten in over their heads and ended up regretting the fact that they attempted.  In many cases the client just moved on and a relationship was damaged.  Often times the Broker has waited too long and the damage has been done.  In which case, hopefully the Broker has good E&O insurance.

Land? Help me sell it!

Of course we want to determine the highest and best use of the property in question.  But there are so many questions to be asked!  Does the land have access to public utilities?  Who manages those utilities?  Are they onsite?  Which utilities?  How far from the subject property are the water main taps?  Does the water line need to be extended?  Are we are on a well?  Commercial septic?  Private septic?  Ingress and egress?  What will the municipality require?  How is the topography?  Are there wetlands?  What is the current zoning?  What is the tenor of the municipality regarding rezoning?  Special use permit needed?  What are the setbacks?  Do you know about any upcoming road changes?  What is DOT requiring?  Turning lanes?  Road widening?  Traffic signals?  Will you need curb and gutter?  Of course many of these questions are more about the end user developing the land if indeed the highest and best use is to develop it for commercial or residential purposes.  What about the things like the timber?  Is the land being used or leased for agricultural purposes?  Do you own the surface rights only?  Do you own all of the mineral rights?  Is any of the land in a floodplain?  Will it perk?  What about the impact of neighboring tracts?  Has anyone done a Phase I environmental study?  Is there rock on the land?  Does the property need to be annexed? Are there cemeteries on the land?  Are they of historical significance?  Is there historical significance of any kind on the property?  Easements and right of ways – have any been granted?

Topo

We recently sold and closed on a tract of land that experienced a delay in the process due to the fact that there was a small old (barely can find it) cemetery on the property.  When the state took a look they recommended that the state historical and anthropology department take a closer look.  For the next 30 days, while the Seller and Buyer waited anxiously, the anthropologists worked the soil to determine if there was additional historical significance.  Thankfully for us, we are now closed.  It is the unexpected contingencies that can cause stress if the buyer or seller are not prepared in advance.

Do not be blown away by Big Brokerages and/or Big Named agents.  While they may be the answer you are looking for and be a great fit, they may not be?  Ask them about the things above.  Ask them if they have ever sold any land and how those transactions went.  Ask them about the various contingencies that may present themselves.  The pint here is.  Find someone that will put the time in to “walk the land” and get to know it.  Someone that will help identify the various Highest and Best Uses.  Find someone with “reach” to investors and and users alike.  Someone that wants to list AND sell your property.  Not just list it.

Mineral Rights

Mineral Rights versus Surface Rights

If you have commercial real estate needs, please contact our team here at Kima Commercial @ KW Commercial.  Our team is ready to assist you in the pursuit of your real estate needs.

  • Raleigh commercial real estate  
  • Wake Forest commercial real estate 
  • Cary commercial real estate
  • Apex commercial real estate
  • Rolesville commercial real estate
  • Fuquay Varina commercial real estate
  • Morrisville commercial real estate
  • Garner commercial real estate
  • Holly Springs commercial real estate
  • Wendell commercial real estate
  • Zebulon commercial real estate
  • Youngsville commercial real estate

 

Wheat Field Shopping Center – Wake Forest

FEATURED LISTING

Wheat Field Shopping Center
1009 Forestville Rd. Wake Forest, NC 27587

$28-$32/sf

OFFERED BY: Kima Commercial, LLC / Keller Williams Preferred Realty

 

Now Pre-Leasing! 
Located in Heritage Wake Forest and sitting directly across from Heritage High School, this NEW retail opportunity is adjacent to The Shoppes at Heritage Village (anchored by Publix) and Heritage Station (anchored by Harris Teeter). Nearby neighborhoods include Heritage, Bridgeport, Stonewater, Majestic Oaks, along with several garden style apartment home communities. Many restaurants, community trails & The Factory are also close by.

HIGHLIGHTS

  • ±1,341 RSF – 25,000 RSF available
  • Delivery Summer 2020
  • Located in growing Heritage community

 

 

 

 

AERIAL PROPERTY VIDEO

 

 

Want more info? View the property WEBSITE.

60 Liles Dean Rd. Wendell, NC 27591

FEATURED LISTING

 

60 Liles Dean Rd.,
Wendell, NC 27591
$1,200,000

OFFERED BY: Kima Commercial, LLC / Keller Williams Preferred Realty

 

PRIME LOCATION! 2.65 acres on Hwy 64/Liles Dean Rd. Directly across from thriving commercial corridor. McDonalds and banking establishment across the street, with a Hardee’s restaurant currently being built. Would be a great area for a drug store or pharmacy, a car wash, small car lot, etc. There is currently a home on foundation on the land which will convey, however the two mobile homes will not convey and will be moved before closing. The barn on the lot will also be removed before closing.

HIGHLIGHTS

  • Great road frontage
  • On busy commercial corridor
  • Combines 2 lots to make one large lot
  • Across from McDonalds and Bank

 

Want more info? Check out the property WEBSITE.

Commercial Real Estate Investors Flocking to North Carolina

North Carolina is experiencing an increase in the level of investors flocking into all counties of the state.  Domestic and foreign monies are ready to be spent in the Tar Heel state due to the strong economic impact of commerce, industrial, and tourism. Also, the lower retail vacancy compared to the rest of the nation has catapulted the Tar Heel state at the forefront of North American Economies. 1031 domestic and cash foreign investors are taking advantage of the unparalleled economic growth in cities such as Charlotte, Raleigh, Greensboro, Winston-Salem, Ashville, Carrboro/Chapel Hill and Wilmington.

Just to name a few investors in the thriving North Carolina cities, the following are recent transactions:

  • Cedar Grove Capital, a New York-based property investment firm, purchased the 86 North Apartments complex in Chapel Hill, North Carolina, for $17.2 million, or about $178,000 per unit.
  • A real estate investment group based in Southern California closed on its purchase of an apartment community in North Carolina’s Research Triangle area, home to the nation’s largest research park. Brookline Investment Group bought the Phillips Research Park, a 292-unit apartment community at 1533 Ellis Road in Durham, according to a statement from Capstone Apartment Partners, which represented the seller in the deal. Brookline paid about $46 million for the complex, according to CoStar data, and bought the property from Tampa, Florida-based Phillips Development.
  • Longfellow Real Estate Partners bought out its equity partner in a nearly 1.34 million-square-foot portfolio in North Carolina’s red hot Research Triangle for about $303 per square foot. Boston-based Bain Capital Real Estate sold its stake in the 18-property portfolio in a transaction valued at about $405 million, according to a statement from JLL, which represented the seller in the deal. The deal was being marketed by HFF prior to the company being acquired by JLL on July 1.
  • The Chicago-based company bought the 184,244-square-foot The Shoppes at Midway Plantation and the 138,756-square-foot Midtown Commons Shopping Center for $43.6 million, according to CoStar data. The Shoppes at Midway Plantation is home to Target, Ross Dress For Less and Petco, among other tenants. Midtown Commons’ tenants include Dick’s Sporting Goods, T.J. Maxx and Kohl’s, according to Kimco’s website. Kimco Realty acquired those shopping centers in late 2010 for $23.4 million, according to CoStar data.

    If you have an interest in Commercial Real Estate in North Carolina please let us know as we are ready, willing, and able to help!

    Mehdi Hilmi
    Mehdi@kimacommercial.com