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

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
Sarah Godwin
Director, Capital Markets
License details
NC-270966 SC-108916
Hunter Barron
Hunter Barron
Senior Director, Capital Markets
License details
NC-259804 SC-96951

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Last Updated Date: 13 Jul 2020

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