Prime Development Opportunity in the Heart of Raleigh!Unmatched potential awaits at 517 Buck Jones Road, featuring an already approved Administrative Site Review (ASR) for a 64-unit multifamily development. Alternatively, the property allows for a transition to a 54-unit townhome community with a minor modification to the existing plan--an option that aligns with the growing demand for flexible housing solutions.Situated in a highly sought-after location, this property offers exceptional accessibility--just 5 minutes to I-440, I-40, Fenton, NC State University, Downtown Cary, and the State Fairgrounds. Its prime position at the nexus of Raleigh's growth makes it an unparalleled investment opportunity in one of the fastest-growing markets in the Triangle.Whether you envision building modern multifamily units or a vibrant townhome community, this site provides the canvas for your development goals. The existing ASR approval and its strategic location reduce development hurdles, giving you a head start on a high-impact project.Seize this rare opportunity to bring your vision to life and shape Raleigh's booming real estate landscape.
93 days
|
33
|
1
|
Zillow last checked:
Listing updated:
Listed by:
Charles Santos919-987-5068,
NorthGroup Real Estate, Inc.
Source: Doorify MLS,MLS#: 10165568
Facts & features
Property
Features
Has view: Yes
View description: Trees/Woods
Lot
Size: 5.18 Acres
Details
Parcel number: 39 pt 40
Zoning: R4-FTDO
Special conditions: Seller Licensed Real Estate Professional
Utilities & green energy
Sewer: Public Sewer, Septic Tank
Water: Public
Utilities for property: Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, Septic Connected, Sewer Not Available, Water Connected
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.