5416 Chapel Hill Road, Raleigh, NC 27606
sale
$515,000
|
Other
Courtesy Of Coldwell Banker Howard Perry and Walston
Prime Development Opportunity Near the Fairgrounds !Location, Location, Location! Seize this exceptional opportunity to acquire two adjacent parcels totaling 0.92 acres of highly valuable commercial land, strategically located with unbeatable proximity to the bustling Fairgrounds and the area's planned future development zones.This offering is ideal for developers, investors, and businesses looking to capitalize on a high-growth corridor.Key Investment Highlights: Total Acreage: 0.92 Acres 5416 Chapel Hill rd is .49 acres and 103 Gary St is.43acres Sold separately for $700K).Strategic Location: Direct adjacency and easy access to the Fairgrounds, making it perfect for supporting businesses, hospitality, or mixed-use development (subject to zoning approval).Development Ready: The value lies squarely in the land. Both existing structures are tear-downs, offering a clean slate for your vision. Demolition Quotes Available: We have secured preliminary demolition quotes for both houses to streamline your development timeline and provide immediate clarity on initial costs.
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Property Features
- Age: Over 50 Years Old
- Exterior Type: Brick
- Legal Description: TR1 FREEDA C PONIROS & RISA PONIROS BM20
- MLSID: 10132330
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