Raleigh, NC 27603,525 Maywood Avenue
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Raleigh, NC 27603,525 Maywood Avenue
Raleigh, NC 27603,525 Maywood Avenue
Raleigh, NC 27603,525 Maywood Avenue
Raleigh, NC 27603,525 Maywood Avenue
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Listed by Cityspace Management
$ 350,000
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Price Dropped by $125K

525 Maywood Avenue Raleigh, NC 27603

4,791 Sqft Lot


UPDATED:

11/22/2024 03:08 AM

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Caraleigh

MLS Listing ID 10037312

HOA Y/N Yes

Originating Board Triangle MLS

Annual Tax Amount $2,940

Lot Size 4,791 Sqft

Acres 0.11

Property Description

Rare opportunity to purchase one or two multi-unit sites in one of the hottest development areas in Downtown Raleigh. 525 & 627 Maywood are available separately or as a package. Being nearly identical, there may be permitting and construction efficiencies if both lots are purchased together.

Located on each corner of the charming Caraleigh Commons neighborhood in Downtown South, these lots are ready to build out and zoned for 4-6 condominiums. All site improvements and underground utilities are already installed for 4 unit townhouse style condos. Potential exists for up-zoning for up to 12 condos each with skyline views or down zoned to 2 SFH lots each. The development includes a greenspace, a greenway connection and easy access to Dix Park, Farmers Market, and the upcoming Downtown South Development. Broker owned.

Location

State NC

County Wake

Community Street Lights

Direction On the corner of Maywood and Ella Wiggins.

Exterior

Community Features Street Lights

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Water Available

View Y/N Yes

View Downtown

Present Use Vacant

Street Surface Alley Paved,Paved

Private Pool No

Building

Lot Description City Lot, See Remarks

Faces On the corner of Maywood and Ella Wiggins.

Sewer Public Sewer

Water Public

Schools

Elementary Schools Wake - Farmington Woods

Middle Schools Wake - Martin

High Schools Wake - Broughton

Others

HOA Fee Include Road Maintenance

Special Listing Condition Seller Licensed Real Estate Professional


Doorify MLS / Triangle MLS

The Overman Group

+1(336) 932-2392

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525 Maywood Avenue