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1250 Person st - The Grey 0.21 Acres of Commercial Land Offered at $250,000 in Raleigh, NC 27601

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Investment Highlights

Improved pad in downtown Raleigh priced to sell at only $250,000

Executive Summary

CBRE is pleased to present a rare ±0.21-acre commerical development opportunity in Downtown Raleigh. Located just 0.5 miles from Martin Luther King Jr. Boulevard (21,500 VPD) and S. Wilmington Street (10,000 VPD) signalized intersection, the site is located within The Grey, a nearly sold-out, 100-unit condo community built by Stanley Martin Homes.

The Grey Flyer

Property Facts

Price	$250,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Office Bar Daycare Center Health Club Medical Parking Lot Restaurant Veterinarian or Kennel
No. Lots	1	Total Lot Size	0.21 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	PD - Planned Development (City of Raleigh ETJ)

Price	$250,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Bar Daycare Center Health Club Medical Parking Lot Restaurant Veterinarian or Kennel
Total Lot Size	0.21 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	PD - Planned Development (City of Raleigh ETJ)

1 Lot Available

Lot

Price	$250,000	Lot Size	0.21 AC
Price Per AC	$1,190,476.19

Price	$250,000
Price Per AC	$1,190,476.19
Lot Size	0.21 AC

1 1

Fairly walkable

50/100

Exceptionally drivable

90/100

Some public transit

50/100

Fairly bikeable

50/100

Source: Local Logic^®

Property Taxes

Parcel Number	1703.16-83-0510-000	Improvements Assessment	$0
Land Assessment	$281,027	Total Assessment	$281,027

Property Taxes

Parcel Number

1703.16-83-0510-000

Land Assessment

$281,027

Improvements Assessment

Total Assessment

$281,027

(910) 334-0634

Contacts

Tiffany Hilburn
Harrison Benson
Michelle Pooran
CBRE, Inc.

Listing ID: 39339126
Date on Market: 2/5/2026
Last Updated:
Address: 1250 Person st, Raleigh, NC 27601

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1250 Person st, Raleigh, NC for sale Primary Photo- Image 1 of 2 — The Grey Aerial

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1250 Person st - The Grey

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