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Downtown Raleigh Development Opportunity
For Sale
$1,100,000

306 E Hargett, Raleigh, NC 27601

Prime commercial land for development in downtown Raleigh.

Lot Size0.11 Acres
Days on Market275

Property Features for 306 E Hargett

General Information

Standard status Active
Lot size 0.11 Acres
Property subtype Commercial
Listing Agency: COLDWELL BANKER HPW
Listed By: MARIKA LA SORSA
Source: Corcoran
Added: Oct 29, 2025 Changed: Jul 6 Last Checked: Jul 30 at 9:01AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER HPW

Investment Insights

Based on property information with market context.

This 0.11-acre commercial land lot presents a development opportunity in downtown Raleigh. Situated on East Hargett Street, the location is positioned for redevelopment and growth. The site, formerly occupied by a restaurant, will be cleared soon, offering a clean slate for new construction. The parcel is suitable for boutique retail, mixed-use, office, or dining concepts designed for a high-density, urban environment. Downtown Raleigh has experienced population growth, attracting a young, educated demographic with an average individual income over $94,000. The location is adjacent to Moore Square.

Key Highlights

  • Prime downtown Raleigh location on East Hargett Street, poised for redevelopment and growth.
  • Cleared .11 acre commercial lot ready for immediate construction.
  • Located in a high‑growth market.

Property Analytics

Current Use

House of Art Bar & Pub St. Nick's Christmas ... Bar & Pub

Suggested Use

Top Pick Locksmith Pharmacy (Bike/Boat/Book/etc) Store Electronics & Wireless Store Veterinary Clinic Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,117
Businesses Nearby

Demographics for 27601, NC

9,965
Population
4,874
Households
2
Avg Household Size
32
Median Age
49%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
5,536
Density / Sq Mi
$70,433
Median Household Income
$51,443
Median Earnings
$1,499
Median Rent
$572,600
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Prime commercial land for development in downtown Raleigh.
Where is this commercial land located?
The property is located at 306 E Hargett Raleigh, NC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime downtown Raleigh location on East Hargett Street, poised for redevelopment and growth.; Cleared .11 acre commercial lot ready for immediate construction.; Located in a high‑growth market.
More about this property
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