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Lot/land
    • $6,000,000

    2521 Lake Wheeler Rd, Raleigh, NC 27603

    --beds
    --baths
    8.3Acres
    Unimproved Land, Land
    Built in ----
    8.3 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    124 days
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    140
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    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Ken Stancil 919-422-1093,

    Performance Property Partners LLC,

    Lisa Johnson 919-625-1676,

    Performance Property Partners LLC

    Source: Doorify MLS,MLS#: 10151560MLS Logo

      Facts & features

      Interior

      Video & virtual tour

      Property

      Features
      • Fencing: None
      • Has view: Yes
      • View description: None
      Lot
      • Size: 8.3 Acres
      • Dimensions: 444.12' x 339.25 x 820.26' x 110.30' x 119.37'
      • Features: Cleared, Wooded
      Details
      • Parcel number: 0792663596
      • Zoning: R-10
      • Special conditions: Standard

      Utilities & green energy

      • Sewer: Public Sewer, Septic Tank
      • Water: Public, None
      • Utilities for property: Electricity Available, Sewer Available, Water Available

      Community & HOA

      Community
      • Features: None
      • Subdivision: Not in a Subdivision
      HOA
      • Has HOA: No
      • Amenities included: None
      • Services included: None
      Location
      • Region: Raleigh

      Financial & listing details

      • Tax assessed value: $1,423,204
      • Annual tax amount: $18,301
      • Date on market: 3/10/2026
      • Road surface type: Asphalt, Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,934/mo

        Price history

        DateEventPrice
        3/10/2026Listed for sale$6,000,000
        Source: Doorify MLS #10151560 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2022$14,450 +4%$1,423,204
        2021$13,888 +1.9%$1,423,204
        2020$13,634 -6.5%$1,423,204 +13.5%
        2019$14,575 $1,254,241
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Southwest Raleigh

        Getting around

        36 / 100
        Car-Dependent
        34 / 100
        Some Transit
        23 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Wake - Yates Mill
        • Middle: Wake - Dillard
        • High: Wake - Athens Dr

        Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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