1501 Carolina Pines
Rare Development Opportunity of 8+ Acres In One Of Raleighs Fastest-Growing Coirridors
Marketing description
A rare development opportunity in one of Raleigh's fastest-growing corridors. This offering includes five contiguous parcels at 1501, 1511, and 1515 Carolina Pines Avenue, along with 2109 and 2117 Lake Wheeler Road, totaling a substantial assemblage of 8+ acres in a highly desirable location. Situated just minutes from Downtown Raleigh, NC State University, I-40, and the burgeoning mixed-use growth along Lake Wheeler Road, this property provides unmatched visibility and accessibility for future development.
Opportunities of this scale are increasingly rare within the city limits, making this assemblage a prime candidate for residential, mixed-use, or commercial development (subject to zoning and city approval). Developers and investors will appreciate both the strong demographic growth in the area and the site's proximity to employment, education, and entertainment hubs.
Whether you're looking to create a signature community, a multi-family project, or a high-profile commercial destination, this assemblage represents a once-in-a-generation chance to secure a large development footprint in a premier Raleigh location.
Investment highlights
There is a structure on the property but the value is in the development of the land. There is a 6th parcel with a tower and accompanying lease that may also be purchased. Some of the parcels are zoned NX-3 and some are R-4. Rezoning may be possible.
Parcel numbers are: 0792981585, 0792886646, 0792889605, 0792889422 and 0792980519.
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