Rare opportunity to purchase one or two multi-unit sites in one of the hottest development areas in Downtown Raleigh. 525 & 627 Maywood are available separately or as a package. Being nearly identical, there may be permitting and construction efficiencies if both lots are purchased together. Located on each corner of the charming Caraleigh Commons neighborhood in Downtown South, these lots are ready to build out and zoned for 4-6 condominiums. All site improvements and underground utilities are already installed for 4 unit townhouse style condos. Potential exists for up-zoning for up to 12 condos each with skyline views or down zoned to 2 SFH lots each. The development includes a greenspace, a greenway connection and easy access to Dix Park, Farmers Market, and the upcoming Downtown South Development. Broker owned.
MLS# | 10037312 |
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Listing Type | For Sale |
Style | Farm or Ranch |
Sub-Type | Resale |
Status | Active |
Days On Site | 135 |
Listing Provided By | Cityspace Management | Richard Johnson |
Acreage | 0.11 |
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Property View | Yes |
State | NC |
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County | Wake |
City | Raleigh |
Zip Code | 27603 |
Area | Wake |
Community Name | Caraleigh |
School District | Wake - Broughton |
Elementary School | Wake - Farmington Woods |
Middle School | Wake - Martin |
High School | Wake - Broughton |
Listing VS Median (in Caraleigh) | |
Price: $475,000 low | high Med: $807,450 On Site: 135 low | high Med: 104.500000 |