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 # | 10159858 |
|---|---|
| Listing Type | For Sale |
| Style | Unimproved Land |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 128 |
| Listing Provided By | Compass -- Raleigh | Martin Verdi |
Features
| SQ Feet | 4,492 |
|---|---|
| Zoning | OX-3 |
| Acreage | 0.26 |
Interior
| Interior Features | Other |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Other |
| Laundry Features | Other |
Exterior
| Exterior Features | Other |
|---|---|
| Roof | Other |
| Foundation Details | Other |
| Lot Features | City Lot, Rectangular Lot, Zero Lot Line |
| Construction Materials | Other |
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 |
Area Information
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27603 |
| Area | Wake |
| Listing VS Median (in 27603) | |
Price: $1,699,000 low | high Med: $377,450 sqft: 4,492 low | high Med: 1,936 $ / sqft: $378 low | high Med: $207 On site: 128 low | high Med: 40.5 | |
Market Activity 27603
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27603 |
| Area | Wake |
| Listing VS Median (in 27603) | |
Price: $1,699,000 low | high Med: $377,450 sqft: 4,492 low | high Med: 1,936 $ / sqft: $378 low | high Med: $207 On site: 128 low | high Med: 40.5 | |
