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306 E Hargett St - Former House of Art Location 0.11 Acres of Commercial Land Offered at $1,100,000 in Raleigh, NC 27601
INVESTMENT HIGHLIGHTS
- Downtown Location: East Hargett Street, steps from Moore Square.
- Size: Approx. 0.11 acres, ideal for retail, mixed-use, or dining.
- Strong Demographics: Avg. income over $94K, young and educated.
- Ready to Build: Cleared lot—no demolition needed.
- High-Growth Area: Rapidly expanding downtown market.
EXECUTIVE SUMMARY
Located in the heart of one of the Southeast’s fastest-growing urban centers, this 0.11-acre commercial lot on East Hargett Street offers an exceptional chance to create a signature project in a vibrant, high-demand market. The site, formerly home to a popular restaurant, is being cleared following a fire, providing a clean slate for immediate development—saving valuable time and demolition costs. Perfectly sized for boutique retail, mixed-use, office, or dining concepts, this parcel sits steps from Moore Square and benefits from Downtown Raleigh’s explosive growth. The area attracts a young, highly educated demographic with an average individual income exceeding $94,000, driving strong demand for innovative retail, residential, and experiential spaces. This is a rare opportunity to capitalize on Raleigh’s dynamic urban transformation and position your project for long-term success.
PROPERTY FACTS
| Price | $1,100,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.11 AC |
| Property Type | Land | ||
| Zoning | RB - Residential Business | ||
| Price | $1,100,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.11 AC |
| Zoning | RB - Residential Business |
1 LOT AVAILABLE
Lot
| Price | $1,100,000 | Lot Size | 0.11 AC |
| Price Per AC | $10,000,000.00 |
| Price | $1,100,000 |
| Price Per AC | $10,000,000.00 |
| Lot Size | 0.11 AC |
0.11-acre cleared lot on East Hargett St in Downtown Raleigh. Prime location near Moore Square, ideal for retail, mixed-use, or dining. High-growth area with strong demographics and redevelopment potential.
DESCRIPTION
0.11-acre cleared lot on East Hargett St in Downtown Raleigh. Prime location near Moore Square, ideal for retail, mixed-use, or dining. High-growth area with strong demographics and redevelopment potential.
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Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 1703.35-88-3284-000 | Improvements Assessment | $10,311 |
| Land Assessment | $1,018,300 | Total Assessment | $1,028,611 |
PROPERTY TAXES
Parcel Number
1703.35-88-3284-000
Land Assessment
$1,018,300
Improvements Assessment
$10,311
Total Assessment
$1,028,611
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306 E Hargett St - Former House of Art Location
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