$6,000,000
PENDING

Estimated payment $35,343/month

Total Views 4,606
2.56 Acres
$2,343,750 Price per Acre
111,514 Sq Ft Lot

Highlights

  • 2.56 Acre Lot
  • Partially Wooded Lot
  • No HOA
  • Lacy Elementary Rated A

About This Lot

Redevelopment opportunity of the existing Anclote Arms apartment complex in a Prime Location just off Ridge Rd--Located on a cul-de-sac adjacent to 200 plus tract of land owned by Meredith College. Ideal location for a high end townhome / condo / single family lot development. See attached due diligence report and concept plan for 25 Townhomes lots 22 FT wide. No townhome density limit--many development options including townhomes, condos, patio homes, single family, tiny homes. Walking distance to Ridgewood Shopping Center, Whole Foods, resturants, Art Museum, public schools and more. Minutes to PNC Center, Carter Finley Stdium, Dorton Arena, RDU Airport, Village District, Midtown and Research Triangle Park. Only a few miles to downtown Raleigh on Fayetteville St. Apartment complex is fully leased consisting of two buildings and a total of 15 units

Listing Agent

Phil Layton

Market-One Realty, LLC License #43837

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $22,259

Lot Details

  • 2.56 Acre Lot
  • Lot Dimensions are 425x225x120x157x288x114x264x142x147
  • Partially Wooded Lot
  • Property is zoned R6

Home Design

  • Lead Paint Disclosure

Schools

  • Lacy Elementary School
  • Martin Middle School
  • Broughton High School

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 42454

Property Details

Property Type

Land

Est. Annual Taxes

$22,259

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: See Remarks
  • Road Frontage Type: City Street, See Remarks
  • Road Surface Type: Asphalt
  • Subdivision Name: Not in a Subdivision
  • General Property Information Lot Size Dimensions: 425x225x120x157x288x114x264x142x147
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Water Available: Yes
  • Contract Information Lease Term: Other
  • Vegetation Partially Wooded: Yes
  • Disclosures Lead Based Paint: Yes
  • General Property Information Lot Size Square Feet2: 111513.6
  • General Property Information Lot Size Acres: 2.56
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Development, Investment, Multi-Family, Residential, Subdevelopment, Subdivision, See Remarks

Exterior Features

  • Fencing: Other
  • Acres: 2.56
  • Disclosures: Lead Based Paint

Utilities

  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Wake - Broughton
  • Middle Or Junior School: Wake - Martin

Lot Info

  • Zoning: R6
  • Current Use: Commercial, Multi-Family
  • Development Status: See Remarks
  • Horse Amenities: See Remarks
  • Lot Dimensions: 425x225x120x157x288x114x264x142x147
  • Lot Size Sq Ft: 111513.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 42454
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 22259.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Wake - Lacy

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Pending -- -- --
07/30/2024 07/30/24 For Sale $6,000,000 -- --
Source: Doorify MLS

Source: Doorify MLS

MLS Number: 10044144

Doorify MLS