520 Powell Drive, Garner, NC 27529

Aspire RE + DEV is pleased to present an exceptional opportunity to acquire approximately 2.86 acres in one of Wake County's fastest-growing residential markets. Located just minutes from Downtown Garner and approximately 15 minutes from Downtown Raleigh, this boutique residential development is being proposed as a 6-lot custom home community, with the entitlement process well underway through the Town of Garner.

Designed specifically for a custom or semi-custom home builder, this infill development provides the rare opportunity to step into a project that is already progressing through the approval process, significantly reducing the time, cost, and uncertainty typically associated with land development.

The proposed community features six thoughtfully designed homesites that offer builders the flexibility to deliver distinctive floor plans, premium finishes, and architectural character that today's homebuyers desire. Rather than competing with large production subdivisions, this project offers the opportunity to create an exclusive neighborhood that reflects quality craftsmanship and lasting value.

With strong population growth, limited infill development opportunities, and continued demand for new housing throughout the Triangle, 520 Powell Drive is ideally positioned for a builder seeking a signature project in a premier Wake County location.

Property Highlights

• Approximately 2.86-acre infill development site
• Proposed 6-lot boutique residential community
• Entitlement process well underway with the Town of Garner
• Ideal for custom or semi-custom home builders
• Minutes to Downtown Garner and approximately 15 minutes to Downtown Raleigh
• Convenient access to I-40, US-70, I-540, and major employment centers
• Estimated horizontal development cost: ±$450,000
• Estimated land basis: ±$395,000
• Approximate lot basis: ±$140,800 per homesite
• Opportunity to transition quickly from entitlement into vertical construction

This is a rare opportunity to acquire a boutique residential development in one of the Triangle's most desirable growth corridors, where entitled infill opportunities of this scale are increasingly difficult to find.