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Foundry Commercial and Chappell/Compass, North Carolina brokers, have been retained as the exclusive agents for the owner of 115 and 119 North Boylan Avenue (the “Property”). The Property is comprised of two parcels totaling ±0.48 acres and is zoned Office MixedUse-7-Stories Urban Limited with conditions (OX-7-UL-CU). Currently, 119 North Boylan Avenue operates as an active dental practice with two residential apartments on the second floor. Next door, 115 North Boylan Avenue is fully leased and contains six apartment units with lease expirations staggered between September 2025 through May 2026. Ideally positioned on the edge of Raleigh’s dynamic Glenwood South district, the site offers a rare combination of walkability, existing cash flow, and strong redevelopment potential.

The property was successfully rezoned in October 2021 to OX-7-UL-CU, paving the way for higher-density development. The zoning allows for up to 7 stories or 95 feet in height, with no density cap within the OX district. Importantly, this rezoning also eliminated the previous Neighborhood Conservation Overlay District (NCOD), which had previously limited development potential. Though redevelopment could take many forms, conceptual plans for redevelopment show a 7-story condominium project with up to 60 residential units, featuring a basement and ground-level parking structure along with a 2,500 SF retail space.

With a North Boylan Avenue location, the property offers a unique blend of historic feel and urban character, serving as a key link between the city’s core and established neighborhoods such as Historic Boylan Heights, NC State University, and the Village District. With a WalkScore of 92, the site provides exceptional connectivity to some of Downtown Raleigh’s most desirable destinations. Whether held as an income-producing asset or pursued for future redevelopment, the site stands out as a rare opportunity with exceptional zoning in a high-demand location, just steps from the vibrant Glenwood Avenue corridor.