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1201 Dowling Rd 24.08 Acres of Residential Land Offered at $7,100,000 in Raleigh, NC 27610
INVESTMENT HIGHLIGHTS
- Located less than approximatley 1/2 mile from 540 via Poole and Dowling Roads.
- Workforce and Affordable housing location.
EXECUTIVE SUMMARY
Great location for workforce/affordable apartments or Townhomes. Approximately 1/2 mile from 540. Convenient and quick access to Downtown. Currently zoned R6 and Seller will allow reasonable time for a buyer to rezone. Bordered to the west by Gregory Lane.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $7,100,000 | Lot Size | 24.08 AC |
| Price Per AC | $294,850.50 |
| Price | $7,100,000 |
| Price Per AC | $294,850.50 |
| Lot Size | 24.08 AC |
24.08 acres with gentle slope. Approximately 10 rental homes on property with short term month to month leases. Water, sewer, gas at property. Additional 1.34 acre lot available to provide access to Bethel Road at rear of property.
DESCRIPTION
Fairly squared up 24 acre parcel with approximately 10 rental homes on short term leases. Wooded with a possible blue line that may go away.
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1201 Dowling Rd
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