517 Buck Jones Rd, Raleigh, NC 27606

$2,989,990

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Seller Representative NorthGroup Real Estate, Inc.

List Price
$2,989,990
Status
PENDING
MLS#
10165568
Lot Size
225,640
Subdivision
Roylene Acres
Acres
5.18

Property Description

Prime Development Opportunity in the Heart of Raleigh!Unmatched potential awaits at 517 Buck Jones Road, featuring an already approved Administrative Site Review (ASR) for a 64-unit multifamily development. Alternatively, the property allows for a transition to a 54-unit townhome community with a minor modification to the existing plan--an option that aligns with the growing demand for flexible housing solutions.Situated in a highly sought-after location, this property offers exceptional accessibility--just 5 minutes to I-440, I-40, Fenton, NC State University, Downtown Cary, and the State Fairgrounds. Its prime position at the nexus of Raleigh's growth makes it an unparalleled investment opportunity in one of the fastest-growing markets in the Triangle.Whether you envision building modern multifamily units or a vibrant townhome community, this site provides the canvas for your development goals. The existing ASR approval and its strategic location reduce development hurdles, giving you a head start on a high-impact project.Seize this rare opportunity to bring your vision to life and shape Raleigh's booming real estate landscape.

Additional Information

Utilities
Cable Available, Cable Available, Electricity Available, Natural Gas Available, Sewer Not Available, Water Available, Septic
Water
Public
Vegetation
Partially Wooded

Mortgage Calculator

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Calculator source: Real Geeks

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .