517 Buck Jones Road,Raleigh, NC 27606
Raleigh, NC 27606
Description
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.
Details
| MLS # | 10165568 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 114 |
| Listing Provided By | NorthGroup Real Estate, Inc. | Charles Santos |
Features
| Zoning | R4-FTDO |
|---|---|
| Acreage | 5.18 |
| Property View | Trees, Woods |
Exterior
| View | Trees/Woods |
|---|
Utilities
| Utilities | Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, Septic Connected, Sewer Not Available, Water Connected |
|---|---|
| Sewer | Public Sewer, Septic Tank |
Taxes
| Tax Assessed Value | 1255579 |
|---|---|
| Tax Legal Description | LO39 PH40 BLD& PT 4 |
| Tax Year | 2024 |
Area Information
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27606 |
| Area | Wake |
| Community Name | Roylene Acres |
| School District | Wake - Athens Drive High |
| Elementary School | Wake - Adams Elementary |
| High School | Wake - Athens Drive High |
| Listing VS Median (in Roylene Acres) | |
Price: $2,989,990 low | high Med: $476,000 On site: 114 low | high Med: 4 | |
Market Activity 27606
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Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27606 |
| Area | Wake |
| Community Name | Roylene Acres |
| School District | Wake - Athens Drive High |
| Elementary School | Wake - Adams Elementary |
| High School | Wake - Athens Drive High |
| Listing VS Median (in Roylene Acres) | |
Price: $2,989,990 low | high Med: $476,000 On site: 114 low | high Med: 4 | |
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
