- Updated On:
- January 31, 2025
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 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.
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