5416 Chapel Hill Road
Raleigh, NC 27606🏗️ Prime Development Opportunity Near the Fairgrounds !Location, Location, Location! Seize this exceptional opportunity to acquire two adjacent parcels totaling $0.99$ acres of highly valuable commercial land, strategically located with unbeatable proximity to the bustling Fairgrounds and the area's planned future development zones.This offering is ideal for developers, investors, and businesses looking to capitalize on a high-growth corridor.Key Investment Highlights:Total Acreage: $0.99$ Acres (Comprised of 49 Gary St at $0.49$ acres and 103 Gary St at $0.50$ acres).Strategic Location: Direct adjacency and easy access to the Fairgrounds, making it perfect for supporting businesses, hospitality, or mixed-use development (subject to zoning approval).Development Ready: The value lies squarely in the land. Both existing structures are tear-downs, offering a clean slate for your vision.Demolition Quotes Available: We have secured preliminary demolition quotes for both houses to streamline your development timeline and provide immediate clarity on initial costs.
$900,000
bedrooms
full bathrooms
0.49 acres
2,970 square feet
$303 per square foot
- Exterior Features
- Interior Features
- Property Features
- Building Features Security System
- Construction Materials Brick
- Lot Size Acres 0.49
- Structure Type None
- Cooling Y/N Yes
- Heating Y/N Yes
- Tax Annual Amount 3150.4
- Year Built 1930
Additional Property Information
- TypeMixed Use
- Built1930
- NeighborhoodNot in a Subdivision
- CountyWake
- AreaRaleigh
- Elementary School
- Middle School
- High School
Listing courtesy of Coldwell Banker HPW. © 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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