550 E Jones StreetRaleigh, NC 27601

Description

Rare opportunity to acquire two Historic Oakwood adjacent lots in Downtown Raleigh with strong redevelopment potential. Preliminary review suggests the parcels may be suitable for subdivision into as many as four residential lots, creating an attractive opportunity for builders, developers, or investors. Buyer is solely responsible for conducting all due diligence and confirming subdivision feasibility, zoning compliance, utility availability, and all applicable governmental approvals. 550 E Jones St. and the neighboring 552 E Jones St. are being listed together and are being sold together for a total asking price of $1,800,000 for .43 acres in the Highly Desirable neighborhood of Historic Oakwood in Downtown Raleigh.

Property Information

Property type

Land

Sub-type

Unimproved Land

Lot size

0.14 acres

Lot dimensions

30 x 208 x 30 x 208

Zoning

R-10

Days on market

143

MLS^® Listing#

10172633

Property Features

Parking

Driveway

Fencing

None

Lot features

Back Yard · City Lot · Interior Lot · Rectangular Lot

Other structures

None

Community

Sidewalks

Utilities

Cable Available · Electricity Connected · Phone Available · Sewer Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Wake - Conn Elementary

Middle

Wake - Oberlin Middle

High

Wake - Needham Broughton High

Financial Details

HOA

None

Annual taxes

$3,951Tax year 2026

Assessed value

$450,783

Parcel number

170328998668000 0054421

Directions

Turn on E Jones from N Person, Lots are 2 blocks down on right.