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324 and 406 W. Lane Street (1.31 acres)

3 Land Properties Offered at $15,270,000 in Raleigh, NC

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Investment Highlights

The property consists of three separate parcels (1.31 acres total) in the highly desirable Glenwood South District of Raleigh.

Executive Summary

Unique opportunity to acquire 1.31 acres (3 parcels) in the Glenwood South district of Raleigh. 324 West Lane Street, 406 West Lane Street, and 301 North Harrington Street are all available for sale. The properties may be sold as one site or separately as two sites (.99 acre warehouse and .32 acre lot). The properties will not be impacted by the current design for NCDOT's S-Line project. Sale price is based on a recent appraisal at a DX-20 zoning. Property is currently zoned DX-12.
Interested buyers should submit a letter of intent to procurement@gotriangle.org (with a copy to gtober@gotriangle.org).

Lane and Harrington Parcels

Appraisal Summary