725 W Morgan St
- Gravel parking in rear of building with a perpetual 9' easement through neighboring property.
- Prime location near Glenwood South, Boylan Heights, Downtown Raleigh, and Dorothea Dix Park
- Currently configured as three residential units, offering immediate rental income potential
- Flexible zoning supports office and residential mixed-use uses
- Unused rear portion of the site offers future development potential
Property Description
725 W. Morgan Street offers a rare opportunity to acquire an asset with versatile zoning in the heart of Downtown Raleigh, providing substantial redevelopment potential. The existing 3,234 SF building sits on 0.16 acres and is currently configured as a multifamily property, providing immediate cash flow with significant future upside.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,150,000 |
| No. of Units: | 3 |
| Year Built: | 1920 |
| Lot Size: | 0.16 Acres |
| Opportunity Zone: | No |
| Price per unit: | $383,333 |
| Property Website | Click Here |
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