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3700-3709 Essie Street & 3701 3709 Polly st - 3700-3709 Essie St & 3701 3709 Polly St 5.89 Acres of Commercial Land in Raleigh, NC 27610
Investment Highlights
- 5.89± Acres of High-Density Development Land near Raleigh’s planned Bus Rapid Transit (BRT) corridor
- Strong Residential Demand Drivers supported by public investment and nearby new construction
- Transit-Oriented Development Potential with RX-4 zoning and TOD overlay
Executive Summary
5.89± Acres of High-Density Development Land near Raleigh’s planned Bus Rapid Transit (BRT) corridor
Transit-Oriented Development Potential with RX-4 zoning and TOD overlay
Strategic Infill Location adjacent to New Bern Crossing — a newly constructed 192-unit affordable housing community developed through a public-private partnership with the City of Raleigh
Strong Residential Demand Drivers supported by public investment and nearby new construction
Public Water & Sewer Available – Infrastructure in place
Multiple Parcels Assembled, including:
› 3700 Essie St. - ±0.93 acres
› 3701 Essie St. - ±0.94 acres
› 3705 Essie St. - ±0.71 acres
› 3708 Essie St. - ±0.42 acres
› 3709 Essie St. - ±0.71 acres
› 3701 Polly St. - ±1.60 acres
Additional ±2.29 Acres Available with R-4 zoning for future expansion or phased development
Zoned RX-4 (Residential Mixed Use) and R-4
› RX-4 allows for a variety of residential building types
› Base density exceeds 10 units per acre
› Building heights up to 4 stories
Transit Overlay District (TOD)
› Enhanced development flexibility near transit corridors
› TOD replaces underlying zoning standards with RX standards
› No capped density (units per acre not directly limited)
› Building heights typically 4–5 stories
› Potential densities of 20+ units per acre in many locations
› Parking typically 1.5–2 spaces per unit
Transit-Oriented Development Potential with RX-4 zoning and TOD overlay
Strategic Infill Location adjacent to New Bern Crossing — a newly constructed 192-unit affordable housing community developed through a public-private partnership with the City of Raleigh
Strong Residential Demand Drivers supported by public investment and nearby new construction
Public Water & Sewer Available – Infrastructure in place
Multiple Parcels Assembled, including:
› 3700 Essie St. - ±0.93 acres
› 3701 Essie St. - ±0.94 acres
› 3705 Essie St. - ±0.71 acres
› 3708 Essie St. - ±0.42 acres
› 3709 Essie St. - ±0.71 acres
› 3701 Polly St. - ±1.60 acres
Additional ±2.29 Acres Available with R-4 zoning for future expansion or phased development
Zoned RX-4 (Residential Mixed Use) and R-4
› RX-4 allows for a variety of residential building types
› Base density exceeds 10 units per acre
› Building heights up to 4 stories
Transit Overlay District (TOD)
› Enhanced development flexibility near transit corridors
› TOD replaces underlying zoning standards with RX standards
› No capped density (units per acre not directly limited)
› Building heights typically 4–5 stories
› Potential densities of 20+ units per acre in many locations
› Parking typically 1.5–2 spaces per unit
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 5.89 AC |
| Property Type | Land | ||
| Zoning | RX-4 & R-4 | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 5.89 AC |
| Zoning | RX-4 & R-4 |
1 Lot Available
Lot
| Lot Size | 5.89 AC |
| Lot Size | 5.89 AC |
$585,000/Acre 5.89± Acres of High-Density Development Land near Raleigh’s planned Bus Rapid Transit (BRT) corridor Transit-Oriented Development Potential with RX-4 zoning and TOD overlay
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
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3700-3709 Essie Street & 3701 3709 Polly st - 3700-3709 Essie St & 3701 3709 Polly St
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