New Listing
Description
A rare assemblage-ready opportunity in Raleigh's high-demand Blue Ridge Corridor, just minutes from NC State University and Centennial Campus. This 0.86-acre parcel is zoned R-10, the same zoning classification underlying the recently approved 61-lot townhouse/condo redevelopment at 620 Gannett St ("Brownstones at Blue Ridge"), located in this same corridor and adjacent to the successful 50-unit West End Townes community, proof of concept for high-density residential redevelopment in this immediate area. The existing home will convey to the buyer at no additional cost, giving a builder or investor the flexibility to hold, rent, or clear the site while pursuing entitlements without the carrying burden of paying for a structure that isn't the primary value driver here. The value is in the land, the zoning, and the location. Why this site works: 0.86± acres zoned R-10 - supports multifamily/townhouse-style redevelopment Zoning parity with the approved 61-unit Brownstones at Blue Ridge project at 620 Gannett St Existing home conveys at no cost - reduces upfront basis, no demo-first requirement Less than 3 miles to NC State University and Centennial Campus Minutes to Downtown Raleigh, Cary, and I-440/Western Blvd access Surrounded by active redevelopment: recent teardown-rebuilds, duplexes, and townhome projects have reshaped this corridor in the past several years Skip the years-long assemblage and rezoning process - this site offers a zoning foundation in a corridor the City of Raleigh has already shown a willingness to approve for density. Photos will be published shortly.
Details
| MLS # | 10190072 |
|---|---|
| Listing Type | For Lease |
| Status | Active |
| Days On Site | 1 |
| Listing Provided By | Century 21 Triangle Group | Michelle Waite |
Features
| Bath(s) | 3 |
|---|---|
| Zoning | R-10 |
| Acreage | 0.86 |
Exterior
| Lot Features | See Remarks, None |
|---|
Utilities
| Utilities | Septic Connected, Sewer Available, Water Connected |
|---|---|
| Sewer | Septic Tank |
Taxes
| Tax Assessed Value | 318600 |
|---|---|
| Tax Legal Description | Lo7 Pt Lt 6 Western Park |
| Tax Year | 2025 |
| Tax Map Number | 7 |
Area Information
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27606 |
| Area | Wake |
| Community Name | Western Park |
| School District | Wake - Athens Drive High |
| Elementary School | Wake - Reedy Creek Elementary |
| High School | Wake - Athens Drive High |
| Listing VS Median (in Western Park) | |
Price: $799,000 low | high Med: $0 On site: 1 low | high Med: | |
Market Activity 27606
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27606 |
| Area | Wake |
| Community Name | Western Park |
| School District | Wake - Athens Drive High |
| Elementary School | Wake - Reedy Creek Elementary |
| High School | Wake - Athens Drive High |
| Listing VS Median (in Western Park) | |
Price: $799,000 low | high Med: $0 On site: 1 low | high Med: | |
