Alpha Bravo Properties presents a prime opportunity for builders and investors seeking their next project in a rapidly developing Raleigh pocket. This vacant lot offers strong potential for new construction, making it an ideal candidate for a thoughtfully designed single-family build.
The property is located in a convenient Southeast Raleigh area with quick access to Downtown Raleigh, major roadways, shopping centers, dining, and everyday amenities. An increasingly desirable combination for today’s buyers!
Nearby new construction activity supports solid resale potential, making this a compelling play for those looking to capitalize on continued growth in the area.
The existing structure on site is best suited for demolition, making this a straightforward teardown opportunity for investors and builders.
SPECS
- Bedrooms: 2
- Bathrooms: 1
- Sqft: 800
- Lot Size: 0.5 acres
- Zoning: RA
- Year Built: 1964
- Utilities: Private Well & Septic Installed
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- An older well and septic system are on the property from the current home and are not warrantied. Buyer to verify the condition and permitting.
- Buyer is encouraged to conduct soil/perc testing to confirm septic suitability and bedroom capacity.
- Potential for 4+ bedroom build. Buyer to verify
- No HOA
- Estimated Rent: 1,500 to 2,200 (depending on the bedroom count)
MARKET SNAPSHOT
- NEW CONSTRUCTION
4-BEDROOMS
405 Mugby Rd #153, Raleigh, NC 27610
- 4bd 3.5ba 2,643 sq ft Lot Size: 0.16 acres Year Built: 2025
- Sold for 858,853 in August 2025
3-BEDROOMS
221 Mugby Rd Rd #169, Raleigh, NC 27610
- 3bd 3ba 2,465 sq ft Lot Size: 0.16 acres Year Built: 2025
- SOLD for 711,900 in March 2025
2-BEDROOMS
504 Gainer Dr #2, Raleigh, NC 27610
- 2bd 2ba 1,664 sq ft Lot Size: 0.16 acres Year Built: 2025
- SOLD for 439K in September 2025
CALL OR TEXT
MARY (704) 869-2795
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DISCLAIMER: This company holds a direct contract with the Seller. Any attempt to contact the Seller directly will result in legal action. The property is being sold as-is, with the Buyer responsible for standard closing costs and escrow fees for both buyer and seller. No written or oral representations are made regarding the property. A non-refundable $2,500 earnest money deposit (EMD) is required within 1 business day of ratification. Buyers are encouraged to conduct their own due diligence. This company and its members or employees make no guarantees about the property’s condition, value, characteristics, or financial benefits. This is an assignment of contract, secured by a legally binding purchase agreement with the Seller, granting this company exclusive rights to purchase the property. Serious offers only.