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12 N Tarboro St Raleigh, NC 27610

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For Sale
$4,950,000

Four prime lots totaling 0.97 acres in downtown Raleigh.

Lot size:
0.97 Acres

Property Features for 12 N Tarboro St

General Information

Standard status
Active
Lot size
0.97 Acres

Source: RED REALTY GROUP, INC. Agent JUN MA

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Prime Downtown Raleigh Development Opportunity

Four prime lots, encompassing a total of 0.97 acres, are available on the Raleigh East corridor. These lots, located at 12, 14, 18, and 20 Tarboro St, represent half of an entire block in the heart of Downtown Raleigh. The location provides convenient access to dining, shopping, and entertainment options. Situated diagonally opposite Edenton St, the property is near the former DMV HQ. The City of Raleigh is developing a plan for a community hub in the area. The Raleigh Bus Rapid Transit (BRT) will have a Tarboro stop at the corner of Edenton Street. The Tarboro Community Center is located across the road from Tarboro St. The Edenton Court Project, with an approved site plan from the City of Raleigh, includes 23 townhouses in 3 buildings with 48 parking lots. Each building is planned to be 3 stories high with a flat rooftop terrace. The zoning is RX-4 with TOD, which allows for the construction of 6 stories for larger projects. An additional four lots, totaling 0.46 acres, are available across Boyer St, potentially suitable for a parking building to support a 6-story development.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Raleigh
County
Wake
State
North Carolina
Longitude
-78.621772
Latitude
35.7806447

FAQs

What type of property is this?
Commercial land - Four prime lots totaling 0.97 acres in downtown Raleigh.
Where is this commercial land located?
The property is located at 12 N Tarboro St Raleigh, NC.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: - Prime location: 0.97 acres in the heart of Downtown Raleigh on the Raleigh East corridor.; - High-density zoning: RX-4 with TOD, allowing for up to 6 stories.; - Development potential: Approved site plan for 23 townhouses available, with opportunity to add a story.
More about this property
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