2521 Lake Wheeler Road, Raleigh, NC 27603
2521 Lake Wheeler Road, Raleigh, NC 27603
2521 Lake Wheeler Road, Raleigh, NC 27603
2521 Lake Wheeler Road, Raleigh, NC 27603
2521 Lake Wheeler Road, Raleigh, NC 27603
2521 Lake Wheeler Road, Raleigh, NC 27603
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Tiffany Bair

Tiffany Bair

+1(919) 971-4553
Listed by Performance Property Partners LLC
$ 6,000,000
Est. payment | /mo

8.3 Acres Lot

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$ 6,000,000
Est. payment | /mo
Save Virtual Tour

8.3 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Single Family

Listing Status Active

Purchase Type For Sale

Subdivision Not In A Subdivision

MLS Listing ID 10151560

HOA Y/N No

Annual Tax Amount $18,301

Lot Size 8.300 Acres

Acres 8.3

Property Sub-Type Single Family

Source Triangle MLS

Property 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.

Location

State NC

County Wake

Zoning R-10

Direction From Downtown Raleigh, take South Saunders Street south -- road becomes Lake Wheeler Road. Property on right at 2501, just past Bristlecone Trail. GPS: 35.7454° N, 78.6751° W.'' Do not disturb occupants -- appointment required for all showings. Contact Ken Stancil at (919) 422-1093.

Exterior

Fence None

Community Features None

Utilities Available Electricity Available, Sewer Available, Water Available

View Y/N No

View None

Present Use Single Family

Street Surface Asphalt,Paved

Private Pool No

Building

Lot Description Cleared, Wooded

Faces From Downtown Raleigh, take South Saunders Street south -- road becomes Lake Wheeler Road. Property on right at 2501, just past Bristlecone Trail. GPS: 35.7454° N, 78.6751° W.'' Do not disturb occupants -- appointment required for all showings. Contact Ken Stancil at (919) 422-1093.

Sewer Public Sewer, Septic Tank

Water Public, None

Schools

Elementary Schools Wake - Yates Mill

Middle Schools Wake - Dillard

High Schools Wake - Athens Dr

Others

HOA Fee Include None

Senior Community No

Tax ID 0792663596

Special Listing Condition Standard

Virtual Tour https://www.wellcomemat.com/video/5eaq462bc4151mhda/2521/2521/

Doorify MLS / Triangle MLS

Nearby Locations

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2521 Lake Wheeler Road