3909 Arrow Dr, Raleigh, NC 27612
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.