1201 Kent RdRaleigh, NC 27606

This exceptional 1.62-acre property at 1201-1203 Kent Rd, Raleigh, NC 27606, presents a compelling investment opportunity. Currently operating as a daycare center, the site comprises two separate buildings totaling 6,216 square feet, each independently rentable. The property boasts 34 parking spaces, a significant advantage for future development or continued operation. Zoned R-10, this location offers substantial potential for redevelopment into townhomes or apartments, capitalizing on its prime location. Situated just 0.3 miles from I-440 and a mile from NC State University, the property benefits from excellent access to major transportation arteries and a thriving, densely populated area. The two existing buildings provide immediate income potential while plans for future development are explored. The asking price is $3,500,000. This is a rare chance to acquire a versatile property with strong existing income and significant upside potential in a highly desirable Raleigh neighborhood. The property's size and zoning make it an attractive prospect for developers seeking to capitalize on the area's robust housing demand. Serious inquiries are encouraged.