5504 Rock Quarry Road, Raleigh, NC 27610

Avison Young is pleased to present 5504 Rock Quarry Road located in Raleigh, North Carolina. The Property consists of 28.4 acres and is currently zoned R-10-CU providing the opportunity to develop a high-end townhome or conventional multifamily project.

The Property is situated in the Southeast Special Opportunity Zone neighboring several municipalities that include Raleigh, Knightdale, Garner and Clayton. This particular zone has two census tracts that are experiencing rapid growth. The Southeast Raleigh Opportunity Zone is a high priority area of Raleigh’s economic development where qualifying projects may receive enhanced incentives.

The Property’s highest and best use is in the utilization of a townhome or multifamily development as average rents in the market and relevant submarket can support various apartment product types, including garden and low-rise assets.

Located just six miles southeast of downtown Raleigh and a quick 10 miles south of the highly amenitized North Hills district, the Property makes for an ideal location for ease of access, employment opportunity and first class amenities. The North Hills district is a $1B, 94-acre redevelopment project that currently offers 2,700 multifamily units, 2M+ sf of prime office space and 1.2M+ of retail space.

The subject Property consists of 28.4 acres of land that is located between Interstate 40, New Hope Road and Rock Quarry Road in the Southeastern region of Raleigh, NC. The Property is also strategically located in close proximity to The Complete 540 project which will improve traffic in peak travel periods on and meets social and economic considerations in eastern and southern Wake county.