OPPORTUNITY TO LIVE OR DEVELOP IN DESIRABLE HAYES BARTON, FIVE POINTS, INSIDE THE BELTLINE LOCATION. TAKE ADVANTAGE OF NEW ZONING ORDINANCES FOR R4 ZONING (Frequent Transit Development Zone) EFFECTIVE 8/8/2022. Opportunity to build or renovate with reduced setbacks, increased square footage, increased height. Walking distance to Hayes Barton Cafe, Lilly's Pizza, NOFO, breweries, Rialto Theater, and more. COMPARABLE NEIGHBORHOOD LOT SALES $1.1M. COMPARABLE NEIGHBORHOOD SALES $1.275M (outdated, same sqft). Neighborhood listings up to $5.2m. PREMIUM LOT: 0.27 acres adjacent to private lot space owned by the City of Raleigh, no one can build next to or in front of this lot. Please call listing agent to review updated zoning ordinances. 2023-02-10
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