1017 Trailwood Dr
2.5 Acres of Commercial Land Offered at $1,495,000 in Raleigh, NC 27606
INVESTMENT HIGHLIGHTS
- Prime Investment Opportunity
- 2.5 Acres of R-4 Zoned Land
- Water and Sewer in Close Proximity
EXECUTIVE SUMMARY
Prime Investment Opportunity
Many Development Options
Wonderful Location for Student Housing or Single Family Residential
Walking Distance to Avent Ferry and Bus Line
PROPERTY FACTS
| Price | $1,495,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.50 AC |
1 LOT AVAILABLE
Lot 1
| Price | $1,495,000 |
| Price Per AC | $598,000.00 |
| Lot Size | 2.50 AC |
2.5 Acres Zoned R-4 Water and Sewer in Close Proximity R-6 Zoning Next Door with Apartments Backs to Centennial Campus
DESCRIPTION
This prime 2.5-acre development opportunity in Raleigh, NC, offers incredible potential in a high-growth area. Zoned R-4 with water and sewer on a neighboring site, the property provides multiple development possibilities, including single-family homes, student housing, or a unique tiny home community. Located adjacent to R-6 zoning with nearby apartments, this site backs to NC State's Centennial Campus, making it ideal for student or faculty housing. Its strategic location allows for walking access to Avent Ferry and public transit, with quick connections to NC State, downtown Raleigh, and major highways. R-4 zoning not only permits single-family attached * detached homes, attached two-unit residences, given it is in FTO overlay district, various other by right options are available such as Townhomes, Cottage Courts, Apartments, etc. offering great flexibility for development. With strong rental and resale demand in this rapidly growing corridor, and R-6 zoning next door presenting potential for rezoning or higher-density development, this property is an exceptional investment opportunity.
ZONING
| Zoning Code | R-4 |
CONTACT
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Jamie Dawson - Cokesbury Holdings
