610 Devereux St, Unit Raleigh NC 27605 Raleigh, NC 27605

Located in the historic Glenwood-Brooklyn Neighborhood, this property presents a rare redevelopment opportunity. Lots 11 & 12 offer several redevelopment options. As a 'non-contributing' property, it allows for a demolition permit, making it suitable for a conforming residential build and/or the construction of multiple income-producing properties. The property benefits from dual access via Devereux Street in the front and a 14' alleyway in the back, enhancing site planning possibilities. While ideal for redevelopment, the property also offers immediate owner/renter occupancy potential with minimal maintenance and repairs. It is located a short distance from Fred Fletcher Park, Broughton High School, Partnership Magnet Elementary, Smokey Hollow, and Glenwood South. This property is suited for those seeking a new single-family home on the northern edge of downtown Raleigh, investors aiming to maximize revenue through multiple micro-unit condominium configurations, an owner-operator desiring a primary residence with long and short-term rental options, or an owner needing a separate structure for a home office, shop, carriage house, and/or ADU. The property has been surveyed, and utilities have been 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, with initial conversations already underway. The property, with a lot size of 0.22 acres, offers an excellent location and conceptual architecture and site plan concepts from an experienced residential developer/owner.