424-432 McDowell Street & 216 W Cabarrus Street
- Located directly across from the Raleigh Convention Center and future Red Hat Amphitheater site, this highly visible 0.58-acre property is at the heart of Downtown Raleigh’s premier entertainment district. With exceptional amenities and cityscape views, the site offers an ideal opportunity for a flagship hotel, luxury apartments, or impactful mixed-use development.
- Hospitality & Entertainment: Uniquely positioned to capture surging commercial and leisure demand generated by major convention center expansions and surrounding high-profile event venues.
- Robust Parking: Access to robust parking via long-term leases in neighboring private lots and the adjacent 900+ space Wake County parking deck. Development is further streamlined by significant zoning exemptions and parking requirement reductions.
- Conceptual Plans: Brochure features two turnkey conceptual layouts—a dedicated 168-key hotel development, and a high-density mixed-use apartment/retail project featuring an integrated 323-space parking deck.
Property Description
Unique Development Opportunity at the Epicenter of Downtown Raleigh | Premier Hospitality, Hotel & Entertainment Development Opportunity Steps from the Expanding Raleigh Convention Center & New Red Hat Amphitheater Site
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $6,250,000 |
| Lot Size: | 0.58 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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