5504 Rock Quarry Road

Avison Young is pleased to present 5504 Rock Quarry Road located in Raleigh, North Carolina. The Property consists of 28.4 acres and is currently zoned R-10-CU providing the opportunity to develop a high-end conventional multifamily project.

The Property is situated in the Southeast Special Opportunity Zone neighboring several municipalities that include Raleigh, Knightdale, Garner and Clayton. This particular zone has two census tracts that are experiencing rapid growth. The Southeast Raleigh Opportunity Zone is a high priority area of Raleigh’s economic development where qualifying projects may receive enhanced incentives.

The Property’s highest and best use is in the utilization of a multifamily development as average rents in the market and relevant submarket can support various apartment product types, including garden and low-rise assets.