Listing Agency: Raleigh Show Phone

Listed By: Brad Phelps · License #225568 Show Phone

Added: Jan 30 Changed: Jul 23 Last Checked: Jul 31 at 12:06AM

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MLS# 10143834

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Investment Insights

Based on property information with market context.

The property consists of two parcels offered together, presenting an opportunity for multifamily residential development due to its proximity to Five Points. A site plan has already been approved by the City of Raleigh for a 9-unit residential development. Existing structures are present on the land and will convey in their current condition. The total lot size is 0.67 acres. One of the properties is tenant-occupied.

Key Highlights

• Prime location near Five Points.
• Multifamily development opportunity.
• Two parcels offered together.

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick Dental Office Daycare Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store Parking Lot & Garage Pet Grooming Service

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

Lease Details

9

Residential units

Location Intelligence

Trade Area within ½ mile

783

Businesses Nearby

Explore this area Business Placement

Demographics for 27608, NC

12,018

Population

5,589

Households

2.2

Avg Household Size

40

Median Age

82%

College-Educated

98%

High-School Grad

3.5 sq mi

ZIP Area

3,434

Density / Sq Mi

$155,433

Median Household Income

$89,190

Median Earnings

$1,487

Median Rent

$911,000

Median Home Value

Market

Properties on Market for Land in Raleigh

Jan

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Questions? Ask Rey

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What type of property is this? Where is this land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Land - Two parcels for multifamily development near Five Points, Raleigh.

Where is this land located?

The property is located at 518 E Whitaker Mill Road Raleigh NC 27608 Raleigh, NC.

What is the asking price?

The asking price for this property is $1,550,000.

What are key features of this property?

This property features: Prime location near Five Points.; Multifamily development opportunity.; Two parcels offered together.