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About This Home

This 0-bedroom, 0-bathroom commercial at 407 & 411 N Boylan Avenue in Raleigh, NC is listed for $1,800,000 ($401 per sqft). Built in 1910, the home offers 4,492 sqft of living space on a 0.26 acres lot.

Agent 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!

Key Features

  • Built in 1910
  • 0.26 acre lot

Property Details

1910

Amenities

A/C

Monthly Cost Estimate

$9,627/mo

20% down · 6.5% · 30 years

Principal$1,302
Interest$7,800
Insurance$525

Estimates only. Actual payments may vary.

Location

407 & 411 N Boylan Avenue

Raleigh, NC 27603

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 407 & 411 N Boylan Avenue is listed at $1,800,000 ($401/sqft). The estimated monthly payment is $7,800 based on 20% down at 6.5% interest.

Key features include: Built in 1910, 0.26 acre lot.

This property is listed by Martin Verdi and can be reached at 9197717772 or martin.verdi@compass.com.

MV

Martin Verdi

Agent at Compass -- Raleigh

(919) 771-7772

Listed by Compass -- Raleigh

MLS# 10159858· Source: listhub· Updated 3 days ago

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407 & 411 N Boylan Avenue, Raleigh, NC 27603

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