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- LoopNet Team
5710 Glenwood Ave
Raleigh, NC 27612
Land For Sale
·
1.24 AC
Investment Highlights
- ±1.24-acre multifamily development opportunity along the high-visibility Glenwood Avenue corridor (39,500 VPD).
- Administrative Site Review (ASR) for 26 units submitted in January 2023.
- Exceptional connectivity to I-440 and I-540 for convenient commuting.
- Zoning supports the development of up to 30 apartment units.
- Located just 10 minutes (4.7 miles) from the vibrant North Hills area.
- Prime location in a dynamic and well-connected community.
Property Facts
Description
This ±1.24-acre multifamily development opportunity is situated along the highly visible Glenwood Avenue corridor, boasting a traffic volume of 39,500 vehicles per day. The site features in-place zoning that allows for the development of up to 30 apartment units, with an Administrative Site Review (ASR) for 26 units submitted in January 2023. Conveniently located just 10 minutes (4.7 miles) from North Hills, the property offers seamless access to I-440 and I-540, making it an ideal location for a multifamily project in a vibrant and well-connected area.
