Redevelopment opportunity of the existing Anclote Arms apartment complex in a Prime Location just off Ridge Rd--Located on a cul-de-sac adjacent to 200 plus tract of land owned by Meredith College. Ideal location for a high end townhome / condo / single family lot development. See attached due diligence report and concept plan for 25 Townhomes lots 22 FT wide. No townhome density limit--many development options including townhomes, condos, patio homes, single family, tiny homes. Walking distance to Ridgewood Shopping Center, Whole Foods, resturants, Art Museum, public schools and more. Minutes to PNC Center, Carter Finley Stdium, Dorton Arena, RDU Airport, Village District, Midtown and Research Triangle Park. Only a few miles to downtown Raleigh on Fayetteville St. Apartment complex is fully leased consisting of two buildings and a total of 15 units