Description

This 1.39-acre site is situated in a rapidly growing area. Within a three-mile radius, over 1,500 housing units are being developed, with more than one-third currently under construction within one mile of the site. Additionally, a multifamily development is planned for approval between Gelder Drive (just north of the site) and SR 1010. The site is surrounded by retail establishments including Costco, Food Lion, and Harris Teeter. The average daily traffic count exceeds 34,000 vehicles, and the Department of Transportation projects this number will increase to 58,000 following the completion of the approved Orange Route extension of I-540. The highway 401 interchange is located less than one mile from the property.