2521 Lake Wheeler RoadRaleigh, NC 27603
- Vacant
- $6,000,000
- 8.30 Acres
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.
- Last Checked
- 1 minute ago
- Last Updated
- Mar 11, 2026
- Days on Website
- 25
Property Details for 2521 Lake Wheeler Road
2521 Lake Wheeler Road is a 8.3 acre lot for sale in Raleigh, NC 27603.
Please contact Ken Stancil at Performance Property Partners LLC direct by phone at 919-422-1093. You may also reach Performance Property Partners LLC by phone at 919-625-1676.
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Listing Provider for 2521 Lake Wheeler Road
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- Agent:
- Ken Stancil
- Agent Phone Number:
- 919-422-1093
- Office:
- Performance Property Partners LLC
- Office Phone Number:
- 919-625-1676
- MLS ID:
- 10151560
- Data Source:
- Doorify MLS
- Last Checked:
- 1 minute ago
- Last Updated:
- March 11, 2026 2:23 AM UTC
- Days on Site:
- 25
