Land

Buffaloe Road Tract

6600 Buffaloe Road Raleigh, North Carolina United States 27616

Asking Price Contact for pricing

N/A

NOI Net Operating Income N/A

Cap Rate N/A

Asking Price Contact for pricing

N/A

NOI Net Operating Income N/A

Cap Rate N/A

Documents

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Key Facts

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.

Last Updated Date: 13 Jul 2020

Sarah Godwin

Director, Capital Markets

License details

NC-270966 SC-108916

+601800819387

Hunter Barron

Senior Director, Capital Markets

License details

NC-259804 SC-96951

+601800819387

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Last Updated Date: 13 Jul 2020