120 Pineland CIR, Raleigh, NC 27606
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Carmen Obregon

Carmen Obregon

+1(919) 923-8055
Listed by Century 21 Triangle Group
$ 799,000
Est. payment | /mo

3 Baths

0.86 Acres Lot

Save
$ 799,000
Est. payment | /mo
Save

3 Baths

0.86 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Ranch

Listing Status Active

Purchase Type For Sale

Subdivision Western Park

MLS Listing ID 10190072

HOA Y/N No

Annual Tax Amount $2,798

Lot Size 0.860 Acres

Acres 0.86

Lot Dimensions 229 ft X 130ft X 253ft x 207ft

Property Sub-Type Ranch

Source Doorify MLS

Property Description

A rare assemblage-ready opportunity in Raleigh's high-demand Blue Ridge Corridor, just minutes from NC State University and Centennial Campus. This 0.86-acre parcel is zoned R-10, the same zoning classification underlying the recently approved 61-lot townhouse/condo redevelopment at 620 Gannett St ("Brownstones at Blue Ridge"), located in this same corridor and adjacent to the successful 50-unit West End Townes community, proof of concept for high-density residential redevelopment in this immediate area. The existing home will convey to the buyer at no additional cost, giving a builder or investor the flexibility to hold, rent, or clear the site while pursuing entitlements without the carrying burden of paying for a structure that isn't the primary value driver here. The value is in the land, the zoning, and the location. Why this site works: 0.86± acres zoned R-10 — supports multifamily/townhouse-style redevelopment Zoning parity with the approved 61-unit Brownstones at Blue Ridge project at 620 Gannett St Existing home conveys at no cost — reduces upfront basis, no demo-first requirement Less than 3 miles to NC State University and Centennial Campus Minutes to Downtown Raleigh, Cary, and I-440/Western Blvd access Surrounded by active redevelopment: recent teardown-rebuilds, duplexes, and townhome projects have reshaped this corridor in the past several years Skip the years-long assemblage and rezoning process — this site offers a zoning foundation in a corridor the City of Raleigh has already shown a willingness to approve for density. Photos will be published shortly.

Location

State NC

County Wake

Community Western Park

Area 0.86

Zoning R-10

Interior

Fireplace No

Exterior

Utilities Available Septic Connected, Sewer Available, Water Connected

Garage No

Building

Lot Description See Remarks

Water Public

New Construction No

Schools

Elementary Schools Wake - Reedy Creek Elementary

Middle Schools Wake - Reedy Creek Middle

High Schools Wake - Athens Drive High

Others

Senior Community No

Tax ID 078419623075000 0064204

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Doorify MLS

Schools and Properties Nearby

Carmen Obregon
Carmen Obregon

Realtor®️ | Broker NCREC 341522

+1(919) 923-8055 | carmeno@landhuisresidential.com

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120 Pineland CIR