407 & 411 N Boylan Avenue,Raleigh, NC 27603
Raleigh, NC 27603
Description
Incredible development/renovation opportunity at Glenwood South, in the heart of Downtown Raleigh. A rare chance to build in one of the city's most active and desirable neighborhoods, with a high visibility location, strong foot traffic and walkable access to Raleigh's premier dining, nightlife, and entertainment. Two adjacent parcels (407 & 411 N. Boylan Ave) being sold together as one listing, offering a combined 0.26 acres (0.13 acres each) with three existing dwellings on the 2 lots totaling approx. 4,492 sqft. Zoned OX-3 (mixed-use, residential with business use), the site supports a wide range of uses including detached single-family, townhomes, condos/apartments, retail, office, or a combination of mixed-use development (ex. commercial on the ground floor, residential above). Parcels may be developed together or separately. Maximum building height is 3 stories under current zoning. Subject to NCOD overlay, which includes restrictions on roof pitch, setbacks, and similar design standards (see private agent remarks for details). Rezoning is possible and may allow for higher density or additional stories (several surrounding properties have already done so successfully). Utilities are available. All development potential is subject to final review and approval by surveyors, engineers, and the City of Raleigh. First photos of lots cleared + built on, are all virtually rendered!
Details
| MLS # | 10159692 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 163 |
| Listing Provided By | Compass -- Raleigh | Martin Verdi |
Features
| Zoning | OX-3 |
|---|---|
| Acreage | 0.26 |
| Property View | City, City Lights, Downtown |
Exterior
| Lot Features | City Lot, Rectangular Lot, Zero Lot Line |
|---|---|
| View | City, City Lights, Downtown |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Assessed Value | 1792846 |
|---|---|
| Tax Legal Description | N Boylan Avenue |
| Tax Year | 2025 |
| Tax Map Number | 2 Parcels |
Area Information
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27603 |
| Area | Wake |
| Community Name | Not in a Subdivision |
| School District | Wake - Needham Broughton High |
| Elementary School | Wake - Wiley Elementary |
| High School | Wake - Needham Broughton High |
| Listing VS Median (in Not in a Subdivision) | |
Price: $1,699,000 low | high Med: $379,388 On site: 163 low | high Med: 177 | |
Market Activity 27603
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Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27603 |
| Area | Wake |
| Community Name | Not in a Subdivision |
| School District | Wake - Needham Broughton High |
| Elementary School | Wake - Wiley Elementary |
| High School | Wake - Needham Broughton High |
| Listing VS Median (in Not in a Subdivision) | |
Price: $1,699,000 low | high Med: $379,388 On site: 163 low | high Med: 177 | |
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
