$6,000,000

Ridge Road redevelopment opportunity of the existing Anclote Arms apartment complex. Prime Location just on Ridge Rd--Located on a cul-de-sac adjacent to 200 acre-size tract of land owned by Meredith College. Ideal location for a high-end townhome / condo / single family lot development. See attached concept plans. For practical purposes no max density for townhomes--many development options including townhomes, condos, patio homes, single family, tiny homes. Walking distance to Ridgewood Shopping Center, Whole Foods, restuarants, Art Museum, public schools and more. Minutes to PNC Center, Carter Finley Stadium, Dorton Arena, RDU Airport, Village District, Midtown and Research Triangle Park. Only a few miles to downtown Raleigh on Fayetteville St. Utilized apartment income to offset costs while going through the development process or redeveloped apartments to high end luxury apartments. The 5-star location affords many options for redevelopment and investment opportunities.