Centrally located approximately 12.5 miles east of downtown Raleigh and four miles north of Wendell Falls, the Property has convenient access to US Highway 264/I-87 approximately two miles to the east and I-540 just over four miles to the west. The Property is located within the Rural Transition (RT) zoning district within the Town of Knightdale, which allows for low density residential development, as well as a limited variety of low impact commercial uses. The Property holds a Civic & Institutional designation on the Future Land Use Plan, although that could potentially be changed. An area such as this could allow for a medium density residential future land use, featuring a mix of single family/townhomes. Many recent developments being approved in Knightdale features a mixture of housing types. The property is located within the Opportunity Zone (OZ) which allows for tax incentives for qualified investors to re-invest unrealized capital gains into low income communities. communities.