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Listed by Coldwell Banker HPW
$ 1,100,000
Est. payment | /mo
4,791 Sqft Lot
$ 1,100,000
Est. payment | /mo
4,791 Sqft Lot
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 10130352
Annual Tax Amount $9,669
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Unimproved Land
Source Triangle MLS
Property Description
Prime Development Opportunity in Downtown Raleigh! Raleigh, NC 27601Seize a rare opportunity to build your vision in the heart of one of the fastest-growing downtowns in the Southeast. This .11 acre commercial land lot is perfectly situated on East Hargett Street, a location with deep historical roots and now a dynamic corridor positioned for significant redevelopment and growth.
The Opportunity: Will be Cleared soon and Ready to Build Clean Slate: Formerly the site of a popular restaurant, the existing structure is being demolished following a fire, presenting a completely cleared lot ready for new construction. Save time and money on demolition, and jump straight into design and development. Ideal Size: At approximately $0.11$ acres, this parcel is perfect for a boutique retail, mixed-use, office, or dining concept designed to thrive in a high-density, urban environment. High-Growth Market: Adjacent to Moore Square. Downtown Raleigh's population has significantly increased, drawing in a young, highly educated demographic with an average individual income over $94,000.3 Capitalize on the demand for new residential, retail, and experiential spaces.
The Opportunity: Will be Cleared soon and Ready to Build Clean Slate: Formerly the site of a popular restaurant, the existing structure is being demolished following a fire, presenting a completely cleared lot ready for new construction. Save time and money on demolition, and jump straight into design and development. Ideal Size: At approximately $0.11$ acres, this parcel is perfect for a boutique retail, mixed-use, office, or dining concept designed to thrive in a high-density, urban environment. High-Growth Market: Adjacent to Moore Square. Downtown Raleigh's population has significantly increased, drawing in a young, highly educated demographic with an average individual income over $94,000.3 Capitalize on the demand for new residential, retail, and experiential spaces.
Location
State NC
County Wake
Direction At the intersection of Hargett and Person Streets Parking lot next to it is a paid lot
Exterior
Private Pool No
Building
Faces At the intersection of Hargett and Person Streets Parking lot next to it is a paid lot
Structure Type See Remarks
New Construction No
Others
Senior Community No
Special Listing Condition Standard
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