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316 Sunnybrook Rd
Raleigh, NC 27610

Land For Sale · 4.91 AC

Investment Highlights

  • The Property Is Located In The Frequent Transit Area.
  • Adjacent To The Sunnybrook Post Office.
  • Convenient Access To WakeMed, New Bern Avenue, & 440.
  • There Is A Bus Stop At The Property.

Executive Summary

316 Sunnybrook Drive in Raleigh is an approximately 4.91-acre parcel located near WakeMed and New Bern Avenue. The Property is located in the Frequent Transit Area (discussed below). The current zoning is R-6.

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • General Freestanding
Total Lot Size 4.91 AC

1 Lot Available

Lot

Lot Size 4.91 AC

316 Sunnybrook Drive in Raleigh is an approximately 4.91-acre parcel located near WakeMed and New Bern Avenue. The Property is located in the Frequent Transit Area (discussed below). The current zoning is R-6.

Description

316 Sunnybrook Drive in Raleigh is an approximately 4.91-acre parcel located near WakeMed and New Bern Avenue. The Property is located in the Frequent Transit Area. Below is an email from Robert Tate, Senior Planner, with the City of Raleigh regarding the Frequent Transit Development Option, and the potential path forward relative to development of multi-family on the site. The only improvements on the property is a very hold home that needs to be demolished. The current zoning is R-6. The property has been in the same family since around 1937. As such, there is no title policy or any other due diligence materials. No survey, etc. Included in the marketing materials, is a sewer and storm water map and a topographic map from the Wake County GIS. City of Raleigh Planning and Development Comprehensive Planning One Exchange Plaza | Suite 300 Raleigh, NC 27601 919-996-2235 Raleighnc.gov (Email From Robert Tate, City Of Raleigh) Good morning Mike, The Frequent Transit Development Option (FTDO) allows for additional housing in locations with existing or planned frequent transit service. Utilizing this development option within the R-6 zoning district would unlock the apartment building type (3 stories max.) and generally allows a smaller lot area than the conventional development option. Utilizing the FTDO: “In a residential zoning district shall contain no more than twelve 12 residential units; however, a development site may contain additional residential units provided a number of units equal at least twenty percent (20%) of the residential units over twelve (12) established within the development site shall be affordable for households earning sixty percent (60%) of the Area Median Income or less for a period of no less than 30 years from the date of issuance of a certificate of occupancy.” For more information regarding regulation and additional requirements view UDO Section 2.7.1. Frequent Transit Development Option. The FTDO could be a more practical option than rezoning, more so if you’re short on time and it provides the desired density you seek. If the FTDO in the R-6 zoning district is insufficient for a potential project, the Rezoning Process begins with a Pre-Application Conference. This meeting with staff is low stakes, where you receive feedback on your potential request using the city’s growth and development policy. A property owner is not required to attend this meeting but is required to initiate a rezoning request. For your reference and convenience, I’ve attached a Pre-Application Conference Request Form. Return a completed form back to me if you’re interested in scheduling a meeting with staff. Let me know if you have any questions. Robert Tate, MURP

zoning

Zoning Code R-6
R-6
  • Listing ID: 31184250

  • Date on Market: 2024-03-11

  • Last Updated:

  • Address: 316 Sunnybrook Rd, Raleigh, NC 27610

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