517 Buck Jones RoadRaleigh, NC 27606
- Unimproved
- $3,825,000
- 4.84 Acres
Prime Development Opportunity with Immediate Cash Flow in Raleigh, NC This exceptional 3186 sq. ft. property features a fully renovated Midcentury home, currently operating as a successful short-term rental, generating steady cash flow while your development project progresses. The site has ASR approval for a 64-unit multifamily apartment development, with the flexibility to convert to a 54-unit townhome community with minor modifications to the approved ASR. Strategic Location: Situated in a Frequent Transit Area, this property supports higher density and offers significant growth potential in Raleigh's booming market. Market Insights: Townhomes in the area are selling for $589K per unit, highlighting strong demand and the high value of this site. Affordable Housing Component: The project requires 20% of units (beyond the first 12) to meet affordability criteria, aligning with the growing demand for attainable housing while enhancing community impact and project appeal. Inclusions: The sale includes Lot 5323 Barclay Dr., Raleigh, NC. This is a rare opportunity to capitalize on Raleigh's thriving market, delivering a high-impact project in a prime location with unmatched accessibility to major hubs, all while benefiting from immediate rental income from the renovated Midcentury home
- Last Checked
- 1 minute ago
- Last Updated
- Aug 14, 2025
- Days on Website
- 203
Property Details for 517 Buck Jones Road
517 Buck Jones Road is a 4.84 acre lot for sale in Raleigh, NC 27606.
Please contact Charles Santos at NorthGroup Real Estate, Inc. direct by phone at 919-987-5068. You may also reach NorthGroup Real Estate, Inc. by phone at 704-412-2804.
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Listing Provider for 517 Buck Jones Road
Offered by Red Door Company. Information Not Guaranteed. © Triangle MLS Inc. All rights reserved. Listings marked with a TMLSidx icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
- Agent:
- Charles Santos
- Agent Phone Number:
- 919-987-5068
- Office:
- NorthGroup Real Estate, Inc.
- Office Phone Number:
- 704-412-2804
- MLS ID:
- 10097033
- Data Source:
- Triangle MLS
- Last Checked:
- 1 minute ago
- Last Updated:
- August 14, 2025 6:52 PM UTC
- Days on Site:
- 203
