Loading Map
Located near the heart of Downtown Raleigh sits a 17-acre multifamily development site just off I-40 at exit 295. This property is located in Wake County (Raleigh), North Carolina

Gorman Street Multi Family Concept Raleigh

Wake County, NC · 17.88 +/- AC ($33,557/AC) · $600,000

View Area Sales
KEY
toggle this layer on to view its legend.
toggle this layer on to view its legend.
toggle this layer on to view its legend.
toggle this layer on to view its legend.

DISCLOSURE

All boundary lines noted in pictures, aerials or maps should be considered estimates and not relied on as legal documents or descriptions.

SHOW MAP
Gorman Street Multi Family Concept Raleigh in Wake County, NC

This property has 9 photos. View Gallery

Gorman Street Multi Family Concept Raleigh

     
flag

Wake County, North Carolina
17.88 +/- Acres ($33,557/acre)
$600,000

Parcel #/ID:  0793023945

Located near the heart of Downtown Raleigh sits a 17-acre multifamily development site just off I-40 at exit 295. Well-positioned as a multifamily, townhouse or student housing, this site comes complete with development due diligence reports. Multi-Family concept design completed by Withers&Ravenels Engineering allows for 43 townhouses or 72 apartment units. Raleigh gravity sewer lines run through the property. Over 2,000 feet of paved four-lane Avenue on Gorman Street with direct access to Raleigh’s greenways and parks. Less than 3 miles to NC State University, Centennial Campus, Lonnie Poole Golf Course and 5 miles to Downtown Raleigh.

Due Diligence reports to follow an OTP are Wetland and Stream Delineation which was completed on 6/9/2017, Survey completed 10/10/2017, Site Plan Concept 6/13/2018, US Army Corps Permit 404 filed on 11/8/2017.

The new buyer will be responsible for rezoning and entitlements. The Property is currently zoned CM.

Estimated Acres:

12.88 +/- acres Hardwood, 5 +/- Wetland

Legal Description:

Deed 10676, PG: 2450, PIN 0793023945

Property Highlights:

  • Convenient access to retail amenities, restaurants, NCSU University, I-40, and Downtown Raleigh.

  • Incredible multi-family development investment with excellent ROI.

  • Wetland and Stream Delineation completed on 6/9/2017, Survey completed 10/10/2017, Site Plan Concept 6/13/2018, US Army Corps Permit 404 filed on 11/8/2017

  • Excellent road frontage with high traffic counts.

  • Zoned CM

Taxes:  $290/year (2019)

Listing ID#: 1369399

More Photos:

×

Send to a Friend

Fill out the form below and click "Send" to send "Gorman Street Multi Family Concept Raleigh" to your friends, family or real estate agent.

Type a note above to go along with the property information that will be included automatically in the email.

×

Contact the Agent

Fill out the form below and click "Send" to contact Cory about this property.

×