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- LoopNet Team
424-432 S McDowell St
Raleigh, NC 27601
Land For Sale
·
0.58 AC
INVESTMENT HIGHLIGHTS
- In the heart of Downtown across from Convention Center
- 432 S McDowell St, Raleigh, NC - fee simple (0.1 acres)
- 216 W Cabarrus St, Raleigh, NC - air rights (.17 acres)
- Zoned for 20 stories (DX-20-SH)
- 424 S McDowell St, Raleigh, NC - fee simple (.31 acres)
- Additional parking can be available for purchase or lease from adjoining Wake County’s parking deck that accommodates 900+ spaces
PROPERTY FACTS
DESCRIPTION
CityPlat is pleased to present a development opportunity in the heart of downtown Raleigh. This site is in a prime location across from the Convention Center and Red Hat Amphitheater and also boasts beautiful views of the city. This development is ideal for any office, hotel or apartment development due its location, access to parking and surrounding amenities. The sale consists of two lots plus air rights, totaling 0.58 acres. It is zoned for 20 stories. Conceptual plans show possibilities 234 apartment units over ground floor retail and a 323 unit parking deck. Alternative siteplans studies show possibilities for 168-319 Hotel rooms over ground floor retail. Additional parking available for long term leases from nearby private parking lots as well as the adjoining Wake County parking d.eck accommodating 900+ spaces. Being located in Downtown Mixed-use district there are also significant parking exemptions and reductions available to support mostly any type of development contemplated on this site
PROPERTY TAXES
| Parcel Number | 1703.41-67-1000-000 | Improvements Assessment | $0 |
| Land Assessment | $1,666,170 | Total Assessment | $1,666,170 |
PROPERTY TAXES
