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USANCRaleighRoylene Acres517 Buck Jones Rd
20241214033346488654000000-o | Image 1
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$2,380,890

517 Buck Jones Rd, Raleigh, NC

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Unimproved Land
Levels Land
Size -
Garage No
Taxes $10,925
Days Active 0
Lot Size 
Approx. Age 
MLS® Number 10097033

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Prime Development Opportunity with Immediate Cash Flow in Raleigh, NC This exceptional 3186 sq. Ft. Property features a fully renovated Midcentury home, currently operating as a successful short-term rental, generating steady cash flow while your development project progresses. The site has ASR approval for a 64-unit multifamily apartment development, with the flexibility to convert to a 54-unit townhome community with minor modifications to the approved ASR. Strategic Location: Situated in a Frequent Transit Area, this property supports higher density and offers significant growth potential in Raleigh's booming market. Market Insights: Townhomes in the area are selling for $589K per unit, highlighting strong demand and the high value of this site. Affordable Housing Component: The project requires 20% of units (beyond the first 12) to meet affordability criteria, aligning with the growing demand for attainable housing while enhancing community impact and project appeal. Inclusions: The sale includes Lot 5323 Barclay Dr., Raleigh, NC. This is a rare opportunity to capitalize on Raleigh's thriving market, delivering a high-impact project in a prime location with unmatched accessibility to major hubs, all while benefiting from immediate rental income from the renovated Midcentury homeShow Description
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Transit Score®
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Bike Score®
MLS® Number10097033
Laundry Level
Central VacNo
FireplaceNo
Acreage4.84
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

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