829 Cotton Place, Raleigh, NC 27601 – 10004330 - Donna Matessa

Listed by Rich Realty Group
Bought with Monarch Realty Co.

$267,500

$265,000

0.9%

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment -/mo

3,049 Sqft Lot

SOLD DATE : 05/02/2024

Key Details

Sold Price $267,500

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Sold

Purchase Type For Sale

Subdivision Not In A Subdivision

MLS Listing ID 10004330

Sold Date 05/02/24

Originating Board Triangle MLS

Annual Tax Amount $682

Lot Size 3,049 Sqft

Acres 0.07

Property Description

Rare opportunity for a extremely developable lot. It has OX-3 zoning and is in both the Frequent Transit Area and the Bus Rapid Transit (BRT) Area. We have laid out a couple development options in both the photos section as well as the docs section. Each lot (829 Cotton and 931 Cotton) can have 2 units for a total of 4units. The first option is to develop as the lot line currently sits and the second option is to recombine the lots and move the lot line so that you can build 4 identical units. Can be sold separately or together with 931 Cotton Place. The City of Raleigh proposed rezoning to OX-5. The link below takes you to the proposed rezoning. https://ral.maps.arcgis.com/apps/instant/lookup/index.html?appid=5a0da17620d24057a85c283546e17837

Call Matt @ 919.602.7480 with questions.

Location

State NC

County Wake

Direction From downtown, head east on New Bern Ave, turn right on South State St. Property will be on the right on the corner of S. State St and Cotton Place.

Exterior

Present Use Other

Private Pool No

Building

Lot Description Paved

Faces From downtown, head east on New Bern Ave, turn right on South State St. Property will be on the right on the corner of S. State St and Cotton Place.