3909 Arrow Dr Raleigh, NC 27612

OFF-MARKET

Land

Property ID

US53-3867514

0.82 ac lot

Entity Owned 7-yr Hold

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This exceptional 0.818-acre commercial land parcel in Raleigh, North Carolina, presents a unique investment opportunity. Located on Arrow Drive near Crabtree Valley Mall, this property boasts convenient access to major thoroughfares including US 70 (Glenwood Avenue), NC 50 (Creedmoor Road), and I-440/US 1. Zoned OP-7, permitted uses include overnight lodging, making it ideal for hospitality development. A 78-key hotel concept plan is available for review. The property's prime location offers high visibility and accessibility, catering to both business and leisure travelers. The Wake County PIN is 0795694079. This offering includes seller financing options, making it an attractive proposition for developers seeking a strategic location in a thriving market. The asking price for this exceptional property is $1,550,000. This is a rare opportunity to acquire land in a high-demand area with significant development potential. Don't miss out on this chance to secure a prime location for your next hospitality venture.

Property type Land

Lot 0.82 ac (35,632 SF)

UPID US53-3867514

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

3909 Arrow Dr Raleigh, NC 27612

Raleigh metro

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since 2019

1 recorded transaction

2019

Price N/A

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation by Request
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