RALEIGH, NC | Summerfield Crossing

Property Overview

±32.92-Acre Southeast Raleigh Opportunity Zone Development Site

R-6 & R-10 Zoned Site in Path-of-Progress Location with Proximity to I-40

• By-right development of 7.26 units/acre up to 21.78 units/acre, depending upon product type
• Conceptually laid out for up to 385 units (mix of townhomes and apartments)
• Located within an Opportunity Zone
• Robust single-family residential sales averaging $433,000 within two miles (last 12 months)
• Three minutes/1.3 miles to the Rock Quarry Rd (29,000 VPD) / I-440 (113,000 VPD) interchange
• Property serviced by City of Raleigh water and sewer infrastructure