120 Pineland Cir, Raleigh, NC 27606

Property Description

A rare assemblage-ready opportunity in Raleigh's high-demand Blue Ridge Corridor, just minutes from NC State University and Centennial Campus. This 0.86-acre parcel is zoned R-10, the same zoning classification underlying the recently approved 61-lot townhouse/condo redevelopment at 620 Gannett St ("Brownstones at Blue Ridge"), located in this same corridor and adjacent to the successful 50-unit West End Townes community, proof of concept for high-density residential redevelopment in this immediate area. The existing home will convey to the buyer at no additional cost, giving a builder or investor the flexibility to hold, rent, or clear the site while pursuing entitlements without the carrying burden of paying for a structure that isn't the primary value driver here. The value is in the land, the zoning, and the location. Why this site works: 0.86± acres zoned R-10 — supports multifamily/townhouse-style redevelopment Zoning parity with the approved 61-unit Brownstones at Blue Ridge project at 620 Gannett St Existing home conveys at no cost — reduces upfront basis, no demo-first requirement Less than 3 miles to NC State University and Centennial Campus Minutes to Downtown Raleigh, Cary, and I-440/Western Blvd access Surrounded by active redevelopment: recent teardown-rebuilds, duplexes, and townhome projects have reshaped this corridor in the past several years Skip the years-long assemblage and rezoning process — this site offers a zoning foundation in a corridor the City of Raleigh has already shown a willingness to approve for density. Photos will be published shortly.