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7.34 Acres

 FOR SALE BY Nine Sages

 Located

 1120 Dowling Road

Raleigh, North Carolina, 27610

TABLE OF CONTENTS 

            Cover Sheet                                                                        Page 1

            Property Information                                                            Page 2

            Partial Map of Raleigh                                                         Page 5

            Aerial Photo                                                                        Page 6

            Topography Map                                                                Page 7

DISCLAIMER NOTICE 

The written, graphic, actual, pro forma and projected information contained in this advertising brochure is presented for the express purpose of assisting a prospective buyer or lessee to visualize the Subject Property.  Anyone electing to review this brochure with the intent of becoming a buyer or lessee should do so with "let this buyer beware" prudence.  All information should be verified through independent investigation.  Neither  Nine Sages, nor any of its partners, employees, brokers of salesmen or its participation brokers and/or salesmen guarantee the contents here in to be correct.

Sales Brochure

PROPERTY INFORMATION

Location:                    On the west side of Dowling Road (backs up to I-440) off Old Poole Road.

 Land Area:                 7.34 acres; reference is made to Page 6 for an aerial photo of the property.

 Topography:               Mostly level with a gentle slope east to west with the lowest point being in
                                     the southwest corner of the property. (see page 7)

Property

Characteristics:          The front of the property is cleared with the remainder of the property
                                     wooded with a mixture of timber.  A Phase I environmental study has been
                                     completed on the site.  It found no need for a Phase II.

Frontage:                    296 +/- feet on Dowling Road

Zoning:                        The subject property is zoned R-6 by the City of Raleigh, a classification
                                     allowing residential uses.  These include all Special   Residential-6 uses,
                                     Residential 4 uses, Residential 2 uses,including single-family dwellings,
                                     (7,260 sq. ft. minimum lot size); multi-family dwellings, townhouses,
                                     condominiums, or group   housing and accessory uses - maximum 6 dwelling
                                     units per acre;  rest home; life care communities; congregate care living
                                     structures; Cluster Unit Development (10 acres minimum size), churches,
                                      libraries, schools, day care, and more.  Note that some uses require special
                                      City of Raleigh approval.

 Utilities:                      Electricity and telephone service are available.  The city of Raleigh has both
                                     water and sewer service to the property.

 Improvements:           None

 Tax Maps:                  Tax Book 8541 Page 260

Area Improvements:            

            Historic Oak View County Park:                 

 Originally founded in the 1830s and once encompassing more than 900 acres, Historic Oak View County Park is a historic farmstead  listed on the National Register of Historic Places. Historic Oak View County Park offers visitors a variety of cultural, educational, agricultural, and recreational activities. This 27-acre site includes a number of historic buildings and the Farm History Center, a museum dedicated to telling the story of North Carolina's agricultural development. Visitors are also welcomed to enjoy the park grounds by strolling through the pecan grove, fruit orchard, and herb garden, picnicking, or fishing in the pond.

Historic Oak View County Park's mission is to interpret the agricultural heritage and rural history of North Carolina through educational programs, special events and exhibitions, while also providing recreational opportunities.

            Subdivisions:

There are two relatively new subdivisions in the immediate area, both just south of the Subject Property, Dowling Ridge and Augusta Landings.  Homes in those areas are selling in a median   range of $147,700 to 168,900.

            Walnut Creek Amphitheater:

Walnut Creek Amphitheatre is a beautiful outdoor music venue in Raleigh, North Carolina and plays host to some of the biggest bands and artists in the world. It originally opened on July 4, 1991  and was built by the City of Raleigh. The amphitheatre has a capacity of 20,000 making it an ideal venue for large summer events.

            Poole Road:               

There is a fair amount of commercial development on both sides of Poole Road, north of I-440, and Old Poole Road.  These include Wake County Public Library, State Employees Credit Union,Wurth Wood Group, Raleigh Baptist Association, and New Bethel Christian Church.

Terms:                        Cash or other terms acceptable to the seller

Area Map

 Aerial Photo

Topography