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- Description
- Property Details
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$6,000,000
Monthly Est:$29,864
-- Bed
-- Bath
8.3acres lot
2521 Lake Wheeler Rd, Raleigh, NC 27603
$6,000,000
$29,864/moEst:
Get Pre-Approved
Unimproved Land
Built in -
$-- HOA
8.3 acres lot
$722,892/acre
Description
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.
- Houzeo last checked: 3 minutes ago
- Listing updated: September 1, 2026 at 1:26 am
- Listing Provided by: Ken Stancil (919) 422-1093 | Performance Property Partners LLC (919) 625-1676
- Source: Doorify MLS-NC | MLS#: 10151560
Property Details
Status
Pending
Type
Land
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
8.3 acres lot
Basement Area
- sqft
MLS Name
Doorify MLS
MLS Number
10151560
MLS Status
Pending
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
Public Sewer, Septic Tank
Utilities & Energy
Utilities
Electricity Available, Sewer Available, Water Available
Association Amenities
None
Water Source
Public, None
Other Features
Vegetation
Cleared, Wooded
Subdivision Name
Not In A Subdivision
Community Features
None
Lot Features
Cleared, Wooded
Price History
| Date | Event | Price |
|---|---|---|
09/01/2026 Source: | Pending | $6,000,000 $0/sqft |
03/10/2026 Source: | Listed for Sale | $6,000,000 $0/sqft |
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Based on information from the Doorify MLS (Triangle MLS, Inc.) through Nov 01, 2026, 09:15AM. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. © 2026 Doorify MLS, Inc. of North Carolina. All rights reserved. Non-MLS properties are not included. Properties sold were listed/sold by various MLS participating offices. © 2026 Doorify MLS, Inc. of North Carolina. All Rights Reserved.
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