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2521 Lake Wheeler Road Raleigh, NC $ 6,000,000
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$ 6,000,000 Get more info
2521 Lake Wheeler Road
$ 6,000,000
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2521 Lake Wheeler Road

Raleigh, NC, 27603
$ 6,000,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 41,441

2521 Lake Wheeler Road, Raleigh, NC 27603 - Image 1
2521 Lake Wheeler Road, Raleigh, NC 27603 - Image 2
2521 Lake Wheeler Road, Raleigh, NC 27603 - Image 3
2521 Lake Wheeler Road, Raleigh, NC 27603 - Image 4
2521 Lake Wheeler Road, Raleigh, NC 27603 - Image 5
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2521 Lake Wheeler Road, Raleigh, NC 27603 - Image 7
2521 Lake Wheeler Road, Raleigh, NC 27603 - Image 8
2521 Lake Wheeler Road, Raleigh, NC 27603 - Image 9
2521 Lake Wheeler Road, Raleigh, NC 27603 - Image 10
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Lots and Land for sale in Raleigh, NC

for $6,000,000. The lot size is 8.3.

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.

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Lots and Land Pending

Price

$ 6,000,000

Property Type

Lots and Land

Taxes

$ 0

Style

Unimproved Land

Lot Size

8.3

Town/City

Raleigh

County/Region

Wake

MLS | Web ID

10151560
Features
General
Sewer Public Sewer Septic Tank
Utilities Electricity Available Sewer Available Water Available
Zoning R-10
Association Fee Includes None
View None
Property Subtype Unimproved Land
Current Use Single Family
Community Features None
County Wake
Property Type Land
Association Amenities None
HOA false
Subdivision Name Not in a Subdivision
Possible Use Development Investment Mixed Use Residential Single Family Vacant
Status Pending
Directions 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.
High School Wake - Athens Drive High
City Raleigh
Senior Community Y/N false
Lot Size Units Acres
Lot Size Square Feet 361548
Elementary School Wake - Yates Mill Elementary
Tax Annual Amount 18301.23
Middle/Junior High School Wake - Dillard Drive Middle
Virtual Tour https://www.wellcomemat.com/video/5eaq462bc4151mhda/2521/2521/
Standard Status Pending
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Interior
Total Baths 0
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Exterior
Fencing None
Lot Features Cleared Wooded None
Water Source Public None
Lot Size Area 8.3
Lot Dimensions 444.12' x 339.25 x 820.26' x 110.30' x 119.37'
Lot Size Acres 8.3
Road Surface Type Asphalt Paved
Road Frontage Type State Road
Horse Y/N false
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* Excluded Features
List By
Ken Stancil

Listing Agent

Performance Property Partners Llc

Broker

kenstancil@gmail.com

Email

Affordability Calculator

$41,441
Per Month
100%
0%
0%
Monthly Principal & Interest
$41,441
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Wake - Athens Drive High High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/19/2026$6,000,000 Listed Price

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2521 Lake Wheeler Road, Raleigh, NC, 27603 is a Lots and Land for sale at $6,000,000 with a lot size of 8.3. 2521 Lake Wheeler Road has 0.0 baths. The property's zip code is 27603 which is in Raleigh, NC

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