This Land Property is no longer advertised on LoopNet.com.

3300 Olde Birch Dr
Raleigh, NC 27610
Land For Sale · 10.43 AC

Investment Highlights

  • Rezoned in 2022 for townhome development
  • Conceptually drawn for 88 townhome units
  • Located within the Opportunity Zone
  • Convenient access to I-40 and Downtown Raleigh
  • Site served by municipal water & sewer

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units - Senior
  • Healthcare
  • Medical
Total Lot Size 10.43 AC
Zoning R-10 CU

Description

On behalf of Foundry Commercial, we are pleased to present the opportunity to purchase approximately 10.32 acres of land located on Olde Birch Drive in Southeast Raleigh Wake County, North Carolina. The offering represents 10.32 acres of undeveloped, raw land off Rock Quarry Road, conveniently located ten minutes southeast of Downtown Raleigh, three minutes from I-40, and five minutes from the Food Lion anchored Southgate Plaza retail center. The Property is being zoned to a Residential 10 Conditional Use (R10-CU) within the City of Raleigh which will allow for townhome development. The rezoning is expected to be ?nalized in October of 2022. Please note that zoning conditions will prevent horizontally stacked units and multifamily development. “An apartment building type may not include dwelling units that are separated by a horizontal party, meaning that dwelling units in the same building must be separated by a vertical party wall. This shall not prohibit a dwelling unit from having multiple stories.”

  • Listing ID: 26938677

  • Date on Market: 10/26/2022

  • Last Updated:

  • Address: 3300 Olde Birch Dr, Raleigh, NC 27610

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}