Property Description

Prime Inside-the-Beltline Raleigh Property - 7 Preliminary Approved Townhome Lots with Up to $20,000 in Seller Assistance! Exceptional opportunity for homeowners, investors, builders, and developers! Situated on a large, relatively flat 0.68-acre lot inside Raleigh's highly desirable Beltline, this property features a charming 3-bedroom, 2-bath brick home built in 1959 with over 1,300 square feet of living space. Whether you're looking for a primary residence, investment property, renovation opportunity, or residential development site, this property offers tremendous flexibility and potential. Outstanding Location! Conveniently located within walking distance of Raleigh Country Club, less than one mile from WakeMed Hospital and Wake Tech, and just four miles from downtown Raleigh. Enjoy the convenience of an established neighborhood with easy access to shopping, dining, employment centers, and major transportation corridors. Exciting Development Potential! The property has received preliminary subdivision approval from the City of Raleigh for seven fee-simple townhome lots. The relatively flat terrain and generous lot size make this an attractive opportunity for builders and developers looking to capitalize on Raleigh's continued growth. Alternatively, buyers can renovate the existing brick home for personal use or retain it as an income-producing investment property. Up to $20,000 in Seller Assistance! Seller is willing to contribute up to $20,000 toward buyer expenses, including repairs or renovations to the existing home, finalizing construction drawings for the seven-unit townhome development, demolition expenses, and/or closing costs, subject to mutually agreed terms. Development Approval Support! Preliminary subdivision approval has been obtained, with an estimated 4-5 months remaining to secure final Site Plan Review (SPR) approval. The seller is willing to assist the buyer throughout the remaining approval process to help facilitate a smooth transition and advance the development opportunity. Endless Possibilities! Renovate and enjoy this classic brick ranch on a spacious inside-the-Beltline lot, hold the property as an investment, or pursue the approved seven-townhome development concept. Don't miss this unique opportunity to acquire a versatile property in one of Raleigh's established and growing residential areas! For copies of the preliminary approved development plans or additional information, please email the listing agent. Disclosure: Listing agent holds a partial ownership interest in the property. If purchaser is going to develop the property into 7 townhomes, they will be required to pay a Fee In Lieu to City of Raleigh in the amount of $15,932.63 before construction can start. Please confirm schools

Property Features

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