12 North Tarboro Street Raleigh, NC 27610
Four prime lots in the heart of Downtown Raleigh.
Type:Land / Unimproved Land
Lot size:
0.97 Acres- Added:
- Feb 28, 2025
- Days on Market:
- 416
- Last Refresh:
- Mar 13 at 1:11 pm
Property Features for 12 North Tarboro Street
General Information
- Standard status
- Active
- Lot size
- 0.97 Acres
- Property subtype
- Land / Unimproved Land
Listing agent Jun Ma License #264366 (919) 434-8430
Listing office RED Realty Group, Inc. (919) 434-8430
Listing date Feb 28, 2025
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of RED Realty Group, Inc.
Overview
Prime Downtown Raleigh Development Opportunity
Located on the Raleigh East corridor, this offering includes four prime lots totaling 0.97 acres in the heart of Downtown Raleigh. Situated minutes from Raleigh's urban core, the location provides convenient access to dining, shopping, and entertainment. The property is diagonally opposite the Old DMV HQ on Edenton Street. The City of Raleigh is developing a community hub in the area. The Raleigh Bus Rapid Transit (BRT) system has a Tarboro stop at the corner of Edenton Street, and the Tarboro Community Center is located across the road on Tarboro Street. The Edenton Court Project, which has already been approved by 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. Site plans and draft building plans are available. The current zoning is RX-4 with TOD, which allows for an additional story on the building plan. There is also an opportunity to build 6 stories for a larger project. An additional four lots totaling 0.46 acres are available across Boyer Street, potentially suitable for a parking building to support a 6-story project. This property is intended for commercial use.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.621772
- Latitude
- 35.7806447
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Four prime lots in the heart of Downtown Raleigh.
Where is this commercial land located?
The property is located at 12 North Tarboro Street 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 in the heart of Downtown Raleigh on the Raleigh East corridor.; Four contiguous lots totaling 0.97 acres, representing half a city block.; Zoning RX‑4 with TOD allows for flexible development options, including potential for a 6‑story building.
