For Sale
$998,000

3206 Old Buffaloe RdRaleigh, NC 27604

1.6 Acres, High Growth Area

Overview

Added:
Feb 3
Days on market:
63
This exceptional 1.6-acre commercial property at 3206 Old Buffaloe Road in Raleigh, NC, presents a unique investment opportunity for builders, developers, and investors. Currently featuring a 1028 square foot house leased month-to-month (allowing for immediate redevelopment), this site boasts significant potential. Its highly desirable location off Capital Boulevard places it within the area of influence of the City of Raleigh's Capital North Corridor Plan and Comprehensive Plan amendment, promising substantial future growth and development. The zoning permits a wide range of uses, including up to 81 residential units, 62,000 square feet of office space, or 26,000 square feet of retail space. This flexibility allows for diverse development strategies, catering to various market demands. The property's strategic location and zoning flexibility combine to create an unparalleled opportunity to capitalize on Raleigh's thriving commercial real estate market. The existing structure can be easily removed to accommodate a new development, maximizing the potential of this exceptional site. Don't miss this chance to secure a prime piece of Raleigh real estate poised for significant appreciation. The asking price is $998,000.

Property Details for 3206 Old Buffaloe Rd

Property type
Lot Size (sq. ft)
69,696 SF

Location Insight

City
Raleigh
County
Wake
State
North Carolina
Latitude
35.82892
Longitude
-78.58347
3206 Old Buffaloe Rd, Raleigh, North Carolina

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3206 Old Buffaloe Rd
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