1201 Plainview Dr & 3725 Hillcrest Dr
Commercial land with 1.24 acres, located 13 minutes away from downtown Raleigh.
Marketing description
Here's a revised version that naturally incorporates that information while making it clear to buyers:
CELL TOWER IS NOT GENERATING ANY INCOME
Development Opportunity | 1201 Plainview Dr & 3725 Hillcrest Dr, Raleigh, NC
Located just 0.5 miles from New Bern Avenue, 2 miles from I-440, and approximately 10 minutes from Downtown Raleigh, this assemblage offers excellent accessibility to major transportation corridors, employment centers, and everyday amenities. The property is also within close proximity to WakeMed Raleigh Campus, shopping, dining, and hospitality options.
The offering consists of two parcels being sold together:
- 3725 Hillcrest Dr – ±0.83 acres
- 1201 Plainview Dr – ±0.40 acres
- Total Site Area: ±1.23 acres
Zoned NX (Neighborhood Mixed-Use), the property supports a wide variety of potential uses, including residential, office, retail, and mixed-use development, providing flexibility for investors, developers, and owner-users.
A cell tower lease area is located on 3725 Hillcrest Dr. Buyers should note that the tower and associated easement area create development restrictions on a portion of that parcel. Additionally, the current property owners do not receive any income from the cell tower. A previous owner entered into a 100-year ground lease, and all rights to the lease income were conveyed under that agreement.
Investment highlights
- ±1.23 acres total (two parcels sold together)
- NX (Neighborhood Mixed-Use) zoning
- Strong visibility and access near New Bern Ave
- 10 minutes to Downtown Raleigh
- Close to WakeMed Raleigh Campus
- Nearby hotels, retail, restaurants, and services
- Existing cell tower lease area on 3725 Hillcrest Dr (no income is generated by the current owners; a previous owner executed a 100-year ground lease conveying the lease income rights)
- Development restrictions apply to a portion of 3725 Hillcrest Dr due to the cell tower easement area
- Flexible residential, commercial, or mixed-use development potential
Parcels Included
- 3725 Hillcrest Dr, Raleigh, NC (±0.83 Acres)
- 1201 Plainview Dr, Raleigh, NC (±0.40 Acres)
Sold together as one development opportunity.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?











