Property summary
Here's a revised version that naturally incorporates that information while making it clear to buyers: CELL TOWER IS NOT GENERATING ANY INCOME Development Opportunity | 1201 Plainview Dr & 3725 Hillcrest Dr, Raleigh, NC Located just 0.5 miles from New Bern Avenue, 2 miles from I-440, and approximately 10 minutes from Downtown Raleigh, this assemblage offers excellent accessibility to major transportation corridors, employment centers, and everyday amenities. The property is also within close proximity to WakeMed Raleigh Campus, shopping, dining, and hospitality options. The offering consists of two parcels being sold together: 3725 Hillcrest Dr – ±0.83 acres 1201 Plainview Dr – ±0.40 acres Total Site Area: ±1.23 acres Zoned NX (Neighborhood Mixed-Use) , the property supports a wide variety of potential uses, including residential, office, retail, and mixed-use development, providing flexibility for investors, developers, and owner-users. A cell tower lease area is located on 3725 Hillcrest Dr . Buyers should note that the tower and associated easement area create development restrictions on a portion of that parcel. Additionally, the current property owners do not receive any income from the cell tower. A previous owner entered into a 100-year ground lease , and all rights to the lease income were conveyed under that agreement.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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Zoning
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