Listing Agency: t***@cbre.com Show Phone

Listed By: Tiffany Hilburn Show Phone

Source: Cbre

Added: Apr 15 Changed: Aug 8 Last Checked: Jul 16 at 2:18AM

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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 Tiffany Hilburn

Investment Insights

Based on property information with market context.

This is a 6.6792-acre multifamily development opportunity located a 4-minute drive from the I-40/I-440 interchange and steps from the GoRaleigh bus route to Downtown Raleigh. A concept sketch completed by Withers Ravenel shows a 200-unit podium development with 275 parking spaces. The property is situated in an affluent neighborhood with average household incomes exceeding $100,000.

Key Highlights

• Multifamily development opportunity in an affluent neighborhood with average household incomes exceeding $100,000.
• Concept sketch available for a 200‑unit podium development with 275 parking spaces.
• ±6.6792‑acre site.

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick Restaurant Building Supply Real Estate Agency Auto Repair Shop Law Firm Spa & Massage Center

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

117

Businesses Nearby

Explore this area Business Placement

Demographics for 27606, NC

48,343

Population

22,199

Households

2.2

Avg Household Size

29

Median Age

59%

College-Educated

93%

High-School Grad

24.5 sq mi

ZIP Area

1,973

Density / Sq Mi

$75,640

Median Household Income

$40,950

Median Earnings

$1,369

Median Rent

$423,900

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - 6.68-acre multifamily development site near I-40 and I-440.

Where is this residential land & home lot located?

The property is located at 3712 Tryon Road Raleigh, NC.

What are key features of this property?

This property features: Multifamily development opportunity in an affluent neighborhood with average household incomes exceeding $100,000.; Concept sketch available for a 200‑unit podium development with **275 parking spaces**.; ±6.6792‑acre site.