active
2026-02-24-12-50-10-874
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2521 Lake Wheeler RoadRaleigh, NC 27603

  • Unimproved
  • $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
5

Property Details for 2521 Lake Wheeler Road

2521 Lake Wheeler Road is a 8.3 acre lot for sale in Raleigh, NC 27603.

All

Ken Stancil

Performance Property Partners LLC

919-422-1093

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.

Listing Provider for 2521 Lake Wheeler Road

Offered by Red Door Company. Information Not Guaranteed. © Triangle MLS Inc. All rights reserved. Listings marked with a TMLSidx icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

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:
Triangle MLS
Last Checked:
1 minute ago
Last Updated:
March 11, 2026 2:23 AM UTC
Days on Site:
5
Triangle MLS