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407 North Boylan Avenue

Raleigh NC 27603

11325.6 sq. ft.
Land
Currently for sale - view listing

Overview

Incredible development/renovation opportunity at Glenwood South, in the heart of Downtown Raleigh. A rare chance to build in one of the city's most active and desirable neighborhoods, with a high visibility location, strong foot traffic and walkable access to Raleigh's premier dining, nightlife, and entertainment. Two adjacent parcels (407 & 411 N. Boylan Ave) being sold together as one listing, offering a combined 0.26 acres (0.13 acres each) with three existing dwellings on the 2 lots totaling approx. 4,492 sqft. Zoned OX-3 (mixed-use, residential with business use), the site supports a wide range of uses including detached single-family, townhomes, condos/apartments, retail, office, or a combination of mixed-use development (ex. commercial on the ground floor, residential above). Parcels may be developed together or separately. Maximum building height is 3 stories under current zoning. Subject to NCOD overlay, which includes restrictions on roof pitch, setbacks, and similar design standards (see private agent remarks for details). Rezoning is possible and may allow for higher density or additional stories (several surrounding properties have already done so successfully). Utilities are available. All development potential is subject to final review and approval by surveyors, engineers, and the City of Raleigh. First photos of lots cleared + built on, are all virtually rendered!

Features

11325.6 sq. ft. lot size
Land

Happy sellers in Raleigh

94%
94% of sellers in Raleigh reported that their sale price either exceeded or met their price expectations.

Raleigh stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Raleigh over the last 12 months.

Local market activity for land plots in Raleigh

In the last 12 months, 25 land plots similar to 407 North Boylan Avenue, have been sold.

This represents a 38% decrease in land plots sales when compared to the previous 12 months.

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