Adjacent Residential Development
For Sale
$1,800,000
550 E Jones, Raleigh, NC 27601
Two adjacent lots in Historic Oakwood offer redevelopment flexibility for builders seeking a potential residential subdivision project.
Property SizeContact for details
Lot Size0.43 Acres
Days on Market75
Property Features for 550 E Jones
General Information
Standard status
Active
Lot size
0.43 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$3,951
Amenities
Back Yard
City Lot
Driveway
Hardwood Trees
Interior Lot
Rectangular Lot
Sidewalks
Listing Agency:
STEELOAK RESIDENTIAL LLC
(919) 395-3773
Listed By:
JOHN ANTON · License #208134
Source:
Corcoran
Added: Jun 8
Changed: Aug 8
Last Checked: Jul 16 at 6:08AM
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 STEELOAK RESIDENTIAL LLC
Investment Insights
Based on property information with market context.
This offering includes two adjacent residential lots listed together at 550 E Jones St. and 552 E Jones St. The parcels are described as Historic Oakwood lots and are being sold together for a total of 0.43 acres. Preliminary review suggests the site may be suitable for subdivision into as many as four residential lots, subject to buyer confirmation through due diligence.
The property is located in Downtown Raleigh within the Historic Oakwood area. Because subdivision, zoning, utility availability, and governmental approvals are not guaranteed by the seller, the buyer is responsible for verifying feasibility and compliance before proceeding.
For qualified builders, developers, or investors, this configuration can support planning for a multi-lot residential development approach, subject to confirmed entitlement and infrastructure requirements. Interested parties should evaluate lot-by-lot layout, subdivision feasibility, and permitting requirements for their intended end use. The listing is structured as a joint sale of both parcels, providing a consolidated footprint for those exploring redevelopment or replatting options within Historic Oakwood.
The property is located in Downtown Raleigh within the Historic Oakwood area. Because subdivision, zoning, utility availability, and governmental approvals are not guaranteed by the seller, the buyer is responsible for verifying feasibility and compliance before proceeding.
For qualified builders, developers, or investors, this configuration can support planning for a multi-lot residential development approach, subject to confirmed entitlement and infrastructure requirements. Interested parties should evaluate lot-by-lot layout, subdivision feasibility, and permitting requirements for their intended end use. The listing is structured as a joint sale of both parcels, providing a consolidated footprint for those exploring redevelopment or replatting options within Historic Oakwood.
Key Highlights
- Two adjacent Historic Oakwood lots in Downtown Raleigh being sold together: 550 E Jones St. and 552 E Jones St.
- Total asking price listed: $1,800,000 for the combined parcels.
- Combined acreage: 0.43 acres.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,777
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two adjacent lots in Historic Oakwood offer redevelopment flexibility for builders seeking a potential residential subdivision project.
Where is this residential land & home lot located?
The property is located at 550 E Jones Raleigh, NC.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two adjacent Historic Oakwood lots in Downtown Raleigh being sold together: 550 E Jones St. and 552 E Jones St.; Total asking price listed: $1,800,000 for the combined parcels.; Combined acreage: 0.43 acres.
