610 Devereux Street Raleigh NC 27605 Raleigh, NC 27605

Located in the historic Glenwood-Brooklyn Neighborhood, this property presents a redevelopment opportunity. Lots 11 & 12 offer several redevelopment options. The property is 'non-contributing', allowing for a demolition permit, making it suitable for a conforming residential build and/or building multiple income-producing properties. Dual access is available via Devereux Street in the front and a 14' alleyway in the back, expanding site planning options. While ideal for redevelopment, the property also offers immediate owner/renter occupancy potential with minimal maintenance and repairs. It is a short distance to Fred Fletcher Park, Broughton High School, Partnership Magnet Elementary, Smokey Hollow, and Glenwood South. This property appeals to those seeking a new single-family home on the northern edge of downtown Raleigh, investors aiming to maximize revenue from multiple micro-unit condominium configurations, or an owner-operator desiring a primary residence with long and short-term rental options, or an owner that needs a separate structure for a home office, shop, carriage house and/or ADU. The lot size is 0.22 acres. The property has been surveyed and utilities vetted. Nearby employers and amenities include Cameron Village, NC State University, Campbell Law School, Red Hat, and First Citizens Bank. Any redevelopment plan must be approved by the Raleigh Historic Development Authority, and initial conversations with RHDC have begun. The location offers a historical background and conceptual architecture and site plan concepts from an experienced residential developer/owner.