2521 Lake Wheeler Road · Raleigh, NC 27603
Raleigh, NC 27603
$6,000,000
0
Bathrooms
8.3
Acres
2521 Lake Wheeler RoadPending
Highlights
- Lake Wheeler Road
- Zoned R-10
- Gravity Sewer Confirmed
- Cecil Sandy Loam
- Dorothea Dix Park Corridor
About this home
Prime multifamily development opportunity in one of Raleigh's most active growth corridors. 8.30 acres with 437.5± LF of road frontage on Lake Wheeler Road, zoned R-10 with an Apartment land use designation. By-right density supports approximately 83 units; rezoning potential to 150-200 units for qualified developers.
City of Raleigh gravity sewer confirmed at property boundary. No wetlands, no hydric soils — Cecil sandy loam dominant, well-drained and highly buildable throughout. Two existing structures (c. 1927) on-site; demolition required.
Situated in the rapidly developing Lake Wheeler Road/Dorothea Dix Park corridor with $21.8M in City-funded road improvements underway, The Weld (675-unit luxury high-rise) under construction nearby, and Allora Pines (224-unit Class A community, 2024) immediately adjacent.
Approximately 4 miles to Downtown Raleigh, 4 miles to NC State University, and 20 minutes to Research Triangle Park. Offering Memorandum available upon request. Do not disturb occupants.
5 categories
Lot features
- Cleared
- Wooded
- None
Utilities
- Electricity Available
- Sewer Available
- Water Available
Water
- Public
- None
Sewer
- Public Sewer
- Septic Tank
Courtesy of
- Office
- Performance Property Partners LLC
- Agent
- Ken Stancil
- Phone
- 919-625-1676
Location
Swift Creek Township · Wake County · Raleigh, NC
Property history
- Pending saleSource:
Doorify MLS #10151560$6,000,000 - Listed for saleSource: Doorify MLS #10151560$6,000,000
Documents
1 document
Nearby listings
Near 2521 Lake Wheeler Road · Raleigh, NC 27603
Status
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Price
Date range
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