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2400 Tryon Rd 1.98 Acres of Residential Land Offered at $1,627,781 CAD in Raleigh, NC 27603
Investment Highlights
- Approximately 1.98-acre parcel zoned R-10 for residential development flexibility.
- Located less than 0.5 miles from a signalized intersection on a high-traffic corridor.
- Two single-family dwellings currently on-site, offering interim income potential.
- Close to I-40, US-70, and US-401, providing direct access across the Triangle region.
- Existing water and septic system, with potential sewer tie-in subject to verification.
- Surrounded by ongoing commercial and multifamily development in a strong growth market.
Executive Summary
Strategically located along Tryon Road, the property enjoys quick connectivity to I-40, US-70, and US-401, ensuring easy access to Downtown Raleigh, Downtown Garner, and the broader Research Triangle region. The area surrounding the property continues to see significant growth, with new commercial and multifamily developments expanding along the corridor. Proximity to key destinations such as North Carolina State University, the Raleigh Convention Center, and Red Hat Amphitheater underscores the property’s appeal as a development site.
The parcel benefits from utilities in place, including water and septic, with a potential sewer tie-in at the rear (buyer verification required). Half a mile from a signalized intersection and situated in a fast-growing corridor, this property represents a prime opportunity for investors and developers seeking to capitalize on Raleigh’s robust growth trajectory.
Property Facts
| Price | $1,627,781 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Residence |
| No. Lots | 1 | Total Lot Size | 1.98 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | R-10 - Residential | ||
| Price | $1,627,781 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Residence |
| Total Lot Size | 1.98 AC |
| Opportunity Zone |
Yes |
| Zoning | R-10 - Residential |
1 Lot Available
Lot
| Price | $1,627,781 CAD | Lot Size | 1.98 AC |
| Price Per AC | $822,111.70 CAD |
| Price | $1,627,781 CAD |
| Price Per AC | $822,111.70 CAD |
| Lot Size | 1.98 AC |
2400 Tryon Road presents an exceptional development opportunity in the rapidly growing Raleigh market. Spanning approximately 1.98 acres, the parcel is zoned R-10, allowing for flexible residential development.
Description
The property consists of approximately 1.98 acres located at 2400 Tryon Road in Raleigh, North Carolina. It is zoned R-10 and is classified by Wake County as Apartment land. Utilities include water and septic, with possible sewer connection at the rear of the site, subject to verification. The parcel sits 0.5 miles from a signalized intersection and is accessible via Tryon Road in proximity to I-40, US-70, and US-401. Two existing single-family structures are currently onsite. The surrounding area is characterized by a mix of residential and commercial growth along the Tryon Road corridor.
Property Taxes
| Parcel Number | 0792.11-65-4493-000 | Improvements Assessment | $99,443 CAD |
| Land Assessment | $420,567 CAD | Total Assessment | $520,010 CAD |
Property Taxes
Presented by
2400 Tryon Rd
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