Land with Approved ASR for
For Sale
$2,989,990
517 Buck Jones, Raleigh, NC 27606
Development land with an approved ASR for a 64-unit multifamily project, plus an alternative townhome plan.
Property SizeContact for details
Days on Market107
Property Features for 517 Buck Jones
General Information
Standard status
Active
Property subtype
Land or Vacant Lot
Additional Details
Highway Access
Yes
Multifamily Units
64
Taxes and HOA fees
Annual Taxes
$10,924
Listing Agency:
NORTHGROUP REAL ESTATE, INC.
(704) 412-2804
Listed By:
CHARLES SANTOS · License #281855
Source:
Corcoran
Added: May 7
Changed: Aug 8
Last Checked: Aug 8 at 10:01AM
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 NORTHGROUP REAL ESTATE, INC.
Investment Insights
Based on property information with market context.
This development parcel at 517 Buck Jones Road is offered for sale with an already approved Administrative Site Review (ASR) for a 64-unit multifamily development. An alternative plan allows for transitioning to a 54-unit townhome community with a minor modification to the existing plan.
The property is described as having exceptional accessibility, with proximity to major routes and key destinations, including about 5 minutes to I-440, I-40, Fenton, NC State University, Downtown Cary, and the State Fairgrounds.
With ASR approval already in place, the site is positioned for development based on either the multifamily configuration or the townhome alternative outlined in the submitted plan.
The property is described as having exceptional accessibility, with proximity to major routes and key destinations, including about 5 minutes to I-440, I-40, Fenton, NC State University, Downtown Cary, and the State Fairgrounds.
With ASR approval already in place, the site is positioned for development based on either the multifamily configuration or the townhome alternative outlined in the submitted plan.
Key Highlights
- Development land at 517 Buck Jones Road with an approved Administrative Site Review (ASR) for a 64‑unit multifamily project
- Alternative approved concept allows transitioning to a 54‑unit townhome community with a minor modification to the existing plan
- Site offers access to I‑440 and I‑40, plus nearby destinations including Fenton, NC State University, Downtown Cary, and the State Fairgrounds
Property Analytics
Current Use
Lease Details
64
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
351
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 - Development land with an approved ASR for a 64-unit multifamily project, plus an alternative townhome plan.
Where is this residential land & home lot located?
The property is located at 517 Buck Jones Raleigh, NC.
What is the asking price?
The asking price for this property is $2,989,990.
What are key features of this property?
This property features: Development land at 517 Buck Jones Road with an approved Administrative Site Review (ASR) for a 64‑unit multifamily project; Alternative approved concept allows transitioning to a 54‑unit townhome community with a minor modification to the existing plan; Site offers access to I‑440 and I‑40, plus nearby destinations including Fenton, NC State University, Downtown Cary, and the State Fairgrounds
