Positioned directly across the iconic Raleigh Country Club, this East Raleigh parcel offers prime development opportunity: Take advantage of the designated Raleigh Economic Development Target Area, R-6 Zoning, and the Frequent Transit Overlay District to maximize development: Up to 3 stories / 33 rent by the week units potential with minimal parking. Or buy and hold the existing four 2-story townhouse units, and one one-story unit (23 weekly rental units total), for immediate cash flow.* Located blocks from The WakeMed Hospital Campus and Wake County's future $130M Health & Human Services Campus. Additional on-site features include a well, a swimming pool (currently dirt-filled), two 12x12 storage units. Don't miss out on this rare investment opportunity in Raleigh's thriving downtown community. Owner Financing Available.
MLS# | 10048042 |
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Listing Type | For Lease |
Style | Town House |
Status | Active |
Year | 1950 |
Days On Site | 82 |
Listing Provided By | Compass -- Raleigh | Marianne Mansour |
SQ Feet | 10,157 |
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Story(s) | 2 |
Zoning | R-6 |
Acreage | 0.94 |
State | NC |
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County | Wake |
City | Raleigh |
Zip Code | 27610 |
Area | Wake |
Community Name | Not in a Subdivision |
Listing VS Median (in Not in a Subdivision) | |
Price: $2,500,000 low | high Med: $329,900 SqFt: 10,157 low | high Med: 2,151 $ / SqFt: $246 low | high Med: $153 On Site: 82 low | high Med: 68 |