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316 Sunnybrook Rd 4.91 Acres of Commercial Land in Raleigh, NC 27610

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INVESTMENT HIGHLIGHTS

  • The Property Is Located In The Frequent Transit Area.
  • Adjacent To The Sunnybrook Post Office.
  • Convenient Access To WakeMed, New Bern Avenue, & 440.
  • There Is A Bus Stop At The Property.

EXECUTIVE SUMMARY

316 Sunnybrook Drive in Raleigh is an approximately 4.91-acre parcel located near WakeMed and New Bern Avenue. The Property is located in the Frequent Transit Area. An email from Robert Tate with the City Of Raleigh is attached which discusses the Frequent Transit Development Option (FTDO) and Zoning. The current zoning is R-6.
Subject to signing a Confidentiality Agreement, the following due diligence materials are available: 1.) GeoTech Report, 2.) Wetlands & Waters Delineation, and 3.) Environmental Phase I.
The Property is unpriced.

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • General Freestanding
Total Lot Size 4.91 AC
No. Stories 1
Zoning R-6 - The Property is located in the Frequent Transit Area.

1 LOT AVAILABLE

Lot

Lot Size 4.91 AC

316 Sunnybrook Drive in Raleigh is an approximately 4.91-acre parcel located near WakeMed and New Bern Avenue. The Property is located in the Frequent Transit Area (discussed below). The current zoning is R-6.

DESCRIPTION

316 Sunnybrook Drive in Raleigh is an approximately 4.91-acre parcel located near WakeMed and New Bern Avenue. The Property is located in the Frequent Transit Area. Attached is an email from Robert Tate, Senior Planner, with the City of Raleigh regarding the Frequent Transit Development Option, and the potential path forward relative to development of multi-family on the site. The only improvements on the property is a very hold home that needs to be demolished. The current zoning is R-6. The property has been in the same family since around 1937. As such, there is no owner's title policy. Subject to signing a Confidentiality Agreement, the following due diligence materials are available: 1.) GeoTech Report, 2.) Wetlands & Waters Delineation, and 3.) Environmental Phase I. These due diligence materials were prepared on behalf of a previous buyer.

  • Listing ID: 31184250

  • Date on Market: 3/11/2024

  • Last Updated:

  • Address: 316 Sunnybrook Rd, Raleigh, NC 27610

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