Property summary
This exceptional 3.77-acre parcel, located at 609 Cross Link Rd in Raleigh, Wake County, North Carolina (zip code 27610), presents a unique investment opportunity. Currently zoned R-10, with a future land use designation of Moderate Scale Residential, this property offers significant potential for residential development. The property boasts convenient access to downtown Raleigh, and enjoys high visibility with approximately 12,000 vehicles per day traveling on Cross Link Road. Utilities are available at the site. A key advantage is the existing cellular tower lease, providing a consistent income stream until 2036. The parcel's Property Identification Number (PIN) is 1712041750. This is an exceptional opportunity to acquire a sizable residential lot in a rapidly growing area of Raleigh, offering both immediate income and long-term development potential. The asking price for this remarkable property is $425,000. Don't miss this chance to secure a prime piece of Raleigh real estate.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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