McDowell & Cabarrus Develop Opp

424 + 432 McDowell St
Raleigh, NC 27601

Submarket: Raleigh

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  • Well-positioned across from the Raleigh Convention Center and Red Hat Amphitheater, the property’s prime location, access to parking, surrounding amenities, and incredible views of the cityscape make it ideal for an office, hotel, apartment, or mixed-use development.
  • Development site consists of two lots totaling 0.58 acres plus air rights and is zoned for 20-stories.
  • Parking available for long term leases from nearby private parking lots as well as the adjoining Wake County parking deck accommodating 900+ spaces. Significant parking exemptions and reductions available to support nearly any type of development contemplated on this site.
  • Two conceptual plans included in the brochure show the site’s potential for a mixed-use apartment/retail development with parking deck as well as plans for a 168- key hotel.


  • Sales Rate


  • Zoning

    DX-20-SH / Downtown Mixed-use

  • Acreage

    .58 total acres

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