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$415,000
4 Baths 10174161 MLS
Strategically positioned along one of Raleigh's most actively evolving urban corridors, this prominent OX-3 zoned corner property offers a rare opportunity to acquire a four-unit structure with exceptional mixed-use redevelopment, adaptive reuse, office conversion, residential repositioning, or future infill construction potential just minutes from Downtown Raleigh. Existing improvements require substantial rehabilitation and the property is being sold as-is, creating an ideal canvas for investors, developers, and visionary buyers seeking a high-visibility asset with multiple long-term value creation paths. The property is further strengthened by immediate adjacency to recently completed new home and condominium development and sits directly within the trajectory of significant public and private corridor investment, including New Bern Avenue Bus Rapid Transit infrastructure, expanding transit-oriented development momentum, rising multifamily and mixed-use demand, and increasing institutional growth connecting Downtown Raleigh, WakeMed, workforce housing nodes, and surrounding commercial services. With strong corridor presence, strategic downtown proximity, and continued redevelopment pressure throughout the surrounding area, this site represents a compelling opportunity to capitalize on one of Raleigh's emerging gateway growth corridors. Buyer to verify all intended uses with City of Raleigh. See photos of early plans of potential four-unit townhome building not yet city approved.

615 New Bern Ave, Raleigh

Seller Representative Redfin Corporation

$1,800,000
10172633 MLS
Rare opportunity to acquire two Historic Oakwood adjacent lots in Downtown Raleigh with strong redevelopment potential. Preliminary review suggests the parcels may be suitable for subdivision into as many as four residential lots, creating an attractive opportunity for builders, developers, or investors. Buyer is solely responsible for conducting all due diligence and confirming subdivision feasibility, zoning compliance, utility availability, and all applicable governmental approvals. 550 E Jones St. and the neighboring 552 E Jones St. are being listed together and are being sold together for a total asking price of $1,800,000 for .43 acres in the Highly Desirable neighborhood of Historic Oakwood in Downtown Raleigh.

550 E Jones St, Raleigh

Seller Representative Steeloak Residential LLC

$297,000
10127581 MLS
Prime opportunity in the heart of Downtown Raleigh! This rare vacant lot offers unlimited potential for homeowners, investors, and builders alike. Whether you're dreaming of constructing your custom home or developing a high-value rental property, this site delivers unmatched possibilities—all with no HOA restrictions. Perfectly positioned within walking distance to some of Raleigh's most popular restaurants, boutique shops, art galleries, parks, and entertainment venues, this lot places you at the center of the city's dynamic and fast-growing urban core. The vibrant energy of downtown living is right at your doorstep! Raleigh continues to be one of the fastest-growing cities in the Southeast, known for its strong economy, tech-driven job market, and high quality of life—making this a smart investment for long-term value. Bonus: The adjacent lot may also be available, offering an even greater opportunity for expansion or multi-unit development. Don't miss your chance to secure a piece of Raleigh's sought-after downtown landscape. Build now or hold for the future—opportunities like this are limited!

207 Heck St, Raleigh

Seller Representative Compass -- Raleigh

$1,100,000
10130352 MLS
At the intersection of Hargett and Person Streets Parking lot next to it is a paid lot Prime Development Opportunity in Downtown Raleigh! Raleigh, NC 27601 Seize a rare opportunity to build your vision in the heart of one of the fastest-growing downtowns in the Southeast. This .11 acre commercial land lot is perfectly situated on East Hargett Street, a location with deep historical roots and now a dynamic corridor positioned for significant redevelopment and growth. The Opportunity: The land has been cleared and Ready to Build Clean Slate: Formerly the site of a popular restaurant, Now a completely cleared lot ready for new construction. Save time and money on demolition, and jump straight into design and development. Ideal Size: This parcel is perfect for a boutique retail, mixed-use, office, or dining concept designed to thrive in a high-density, urban environment. High-Growth Market: Adjacent to Moore Square.Downtown Raleigh's population has significantly increased, drawing in a young, highly educated demographic with an average individual income over $94,000. Capitalize on the demand for new residential, retail, and experiential spaces.

306 E Hargett St, Raleigh

Seller Representative Coldwell Banker HPW

$845,000
10151511 MLS
Located near Downtown Raleigh, this ±2,025 SF commercial building at 405 Morson St, Raleigh, NC presents an excellent opportunity for office users, investors, or future redevelopment. The property is zoned OX-3 (Office Mixed Use - up to 3 stories), allowing for a variety of commercial and mixed-use applications. The OX-3 zoning allows building heights of up to three stories, creating potential for future expansion or redevelopment in one of Raleigh's rapidly growing urban areas. The property is ideal for professional offices, creative studios, small business headquarters, or live-work concepts, depending on permitted uses. Situated just minutes from Downtown Raleigh, the location provides convenient access to major employment centers, restaurants, retail, and surrounding residential neighborhoods. The area continues to see steady growth and redevelopment, making this property attractive for both owner-users and investors.

405 Morson St, Raleigh

Seller Representative Century 21 Triangle Group

$297,000
10127588 MLS
Incredible opportunity to own a buildable lot in one of Downtown Raleigh's most rapidly growing and desirable neighborhoods! Whether you're a homeowner looking to build your dream residence, a developer eyeing a valuable project, or an investor seeking strong long-term returns, this property delivers exceptional potential—with no HOA restrictions. Located just steps from the heart of downtown, you'll enjoy walkable access to Raleigh's trendiest restaurants, coffee shops, boutiques, cultural venues, parks, and nightlife. The urban lifestyle is at your fingertips, with the added benefit of being part of a thriving, forward-moving city. Raleigh's continued growth, diverse economy, and strong demand for housing make this a smart and strategic investment. The neighboring lot may also be available, offering a unique opportunity for expanded development or future flexibility. Don't miss your chance to claim a piece of Raleigh's vibrant downtown core—lots like this are becoming increasingly rare!

203 Heck St, Raleigh

Seller Representative Compass -- Raleigh

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