$3,338,900
For Sale

517 Buck Jones Road

Raleigh, NC 27606
Browse 9 photos
Type:Purchase
Structure:Land
Zone:Residential

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.
***Please submit all Highest and Best Offer by 12/20/24
by 5PM***

  • Property Details
      • Utility FeaturesCable Available, Electricity Available, Electricity Connected, Septic Available, Sewer Available, Water Available, Water Connect
      • ViewNeighborhood, Pond, Trees/Woods
      • Middle SchoolWake - Lufkin Road
      • High SchoolWake - Athens Dr
      • Property SubtypeUnimproved Land
      • SubdivisionRoylene Acres
      • Elementary SchoolWake - Adams
      • Property TypePurchase
      • MLS #10067280
      • MLS #10067280
      • ZoningR4- FTD
      • Taxes Annual$10,924
      • Cost3338900
      • Utility SourcePublic
      • Sewer InformationOther
      • Acres4.84
      • CountyWake

Location

Chuck Belden | Relevate Real Estate Inc.Real Estate Group
$
years

Down Payment

$
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
$
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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