409 Donald Ross Drive Active Save Request In-Person Tour Request Virtual Tour
Raleigh,NC 27610
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,157 sqft
Price per Sqft $246
Subdivision Not In A Subdivision
MLS Listing ID 10048042
Year Built 1950
Annual Tax Amount $6,750
Lot Size 0.940 Acres
Property Description
Positioned directly across the iconic Raleigh Country Club, this East Raleigh parcel offers prime development opportunity: Take advantage of the designated Raleigh Economic Development Target Area, R-6 Zoning, and the Frequent Transit Overlay District to maximize development: Up to 3 stories / 33 rent by the week units potential with minimal parking. Or buy and hold the existing four 2-story townhouse units, and one one-story unit (23 weekly rental units total), for immediate cash flow.* Located blocks from The WakeMed Hospital Campus and Wake County's future $130M Health & Human Services Campus. Additional on-site features include a well, a swimming pool (currently dirt-filled), two 12x12 storage units. Don't miss out on this rare investment opportunity in Raleigh's thriving downtown community. Owner Financing Available.
Location
State NC
County Wake
Zoning R-6
Exterior
Waterfront No
Building
Story 2
New Construction No
Others
Special Listing Condition Standard