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    OFF-MARKET
    Commercial real estate

    609 Cross Link Rd, Raleigh, NC 27610

    3.77 ac lot
    Property ID
    US53-0404509
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Lot 3.77 ac (164,221 SF)
    APN 1712041750
    UPID US53-0404509
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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