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Listed by Coldwell Banker HPW
$ 900,000
Est. payment /mo
Active
5416 Chapel Hill Road Raleigh, NC 27606
2,970 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,970 sqft
Price per Sqft $303
Subdivision Not In A Subdivision
MLS Listing ID 10132330
Style None
Abv Grd Liv Area 2,970
Year Built 1930
Annual Tax Amount $3,150
Lot Size 0.490 Acres
Acres 0.49
Property Sub-Type Mixed Use
Source Triangle MLS
Property Description
🏗️ Prime Development Opportunity Near the Fairgrounds !Location, Location, Location! Seize this exceptional opportunity to acquire two adjacent parcels totaling $0.99$ 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: $0.99$ Acres (Comprised of 49 Gary St at $0.49$ acres and 103 Gary St at $0.50$ acres).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.
Location
State NC
County Wake
Zoning NX-3
Direction USE GPS
Exterior
Private Pool No
Building
Building Description Brick, Security System
Faces USE GPS
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 0784326783
Special Listing Condition Standard
