3206 Old Buffaloe RdRaleigh, NC 27604

Property Details for 3206 Old Buffaloe Rd

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional 1.6-acre property at 3206 Old Buffaloe Rd, Raleigh, NC 27604, presents a rare commercial investment opportunity. Currently featuring a 1,028 square foot house leased month-to-month, the site is zoned for diverse development. The property's location off Capital Boulevard, within the area of influence of Raleigh's Capital North Corridor Plan and Comprehensive Plan amendments, promises significant future growth. These plans call for major investments along Capital Boulevard between I-440 and I-540, creating a positive impact on this prime location. The zoning allows for substantial development, including up to 81 residential units, 62,000 square feet of office space, and 26,000 square feet of retail space. The possibilities are extensive, making this an ideal site for builders, investors, and developers seeking a high-potential project. The seller is also open to leasing options. This is a truly unique chance to acquire a strategically located commercial property with immense upside potential in a rapidly developing area of Raleigh, Wake County. The property's versatility and prime location make it an exceptional investment opportunity.

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.8289

Longitude

-78.5835

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