Listed by TradeMark Properties
Unpriced
3700, 3701, 3705, 3708, 3709 Essie St & 3701, 3712 Polly St
Details
Property Type Land
Sub Type Commercial
Price Per Acre $585,000
Acreage 5.890
Zoning RX-4 (Residential Mixed Use), R-4, Transit Overlay District (TOD)
Parking Spaces 2 per unit
Land | 5.89 acres
Marketing description
5.89± Acres of High-density Development Land Near Raleigh's Planned Bus Rapid Transit (Brt) Corridor
Transit-oriented Development Potential With Rx-4 Zoning and Tod Overlay
Strategic Infill Location Adjacent to New Bern Crossing — a Newly Constructed 192-unit Affordable Housing Community Developed Through a Public-private Partnership With the City of Raleigh
Strong Residential Demand Drivers Supported by Public Investment and Nearby New Construction
Public Water & Sewer Available – Infrastructure in Place
Multiple Parcels Assembled, Including: 3700 Essie St. - ±0.93 Acres, 3701 Essie St. - ±0.94 Acres, 3705 Essie St. - ±0.71 Acres, 3708 Essie St. - ±0.42 Acres, 3709 Essie St. - ±0.71 Acres, 3701 Polly St. - ±1.60 Acres
Investment highlights
- Multiple Parcels Assembled, Including:
- 3700 Essie St. - ±0.93 Acres
- 3701 Essie St. - ±0.94 Acres
- 3705 Essie St. - ±0.71 Acres
- 3708 Essie St. - ±0.42 Acres
- 3709 Essie St. - ±0.71 Acres
- 3701 Polly St. - ±1.60 Acres
- Additional ±2.29 Acres Available With R-4 Zoning for Future Expansion or Phased Development
- Zoned Rx-4 (Residential Mixed Use) and R-4
- Rx-4 Allows for a Variety of Residential Building Types
- Base Density Exceeds 10 Units Per Acre
- Building Heights Up to 4 Stories
- Enhanced Development Flexibility Near Transit Corridors
- Tod Replaces Underlying Zoning Standards With Rx Standards
- No Capped Density (Units Per Acre Not Directly Limited)
- Building Heights Typically 4–5 Stories
- Potential Densities of 20+ Units Per Acre in Many Locations
- Parking Typically 1.5–2 Spaces Per Unit
Listing Contacts
Listed by TradeMark Properties
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