Large Parcel in Downtown
For Sale
$5,750,000
613 Powell Drive, Raleigh, NC 27606
Land, Raleigh, NC
Property SizeContact for details
Lot Size5.85 Acres
Days on Market190
Property Features for 613 Powell Drive
General Information
Property type
Land
Property subtype
Other
Zoning
R4
Vegetation
Partially Wooded
Subdivision
Not in a Subdivision
Lot features
City Lot, Gentle Sloping, Hardwood Trees, Near Public Transit, Partially Cleared, Split Possible
Elementary school
Wake County Schools
Middle school
Wake County Schools
High school
Wake County Schools
Standard status
Active
APN
0784503028
Lot size
5.85 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S W PT 204 3 DEBOY LAND
Tax Annual Amount
11318
Legal Description
S W PT 204 3 DEBOY LAND
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Better Homes & Gardens Real Es
(919) 439-2168
Listed By:
Kathryn Michelle MacKinnon
(919) 770-8749
Added: Feb 12
Changed: Aug 19
Last Checked: Aug 21 at 2:06PM
MLS# 10146080
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is one of the last large parcels available in downtown Raleigh, North Carolina. The property encompasses approximately 5.85 acres inside the I-40 beltline. Zoned R4, the site offers potential for building a private, secluded home or developing multiple homesites, subject to Raleigh UDO minimum lot requirements. The lot measures approximately 985 feet by 252 feet. The location provides convenient access to Cary, Apex, Garner, Durham, Morrisville, NC State, bus lines, shopping, restaurants, and entertainment. New single-family homes in the area are selling for around $1,000,000. Note that the existing homes have no value, and both parcels at 611 and 613 Powell Drive will be sold together. Please schedule an appointment before walking the property due to onsite cameras.
Key Highlights
- Large 5.85‑acre parcel inside the I‑40 beltline in downtown Raleigh.
- Development potential for multiple homesites (zoned R4).
- Prime location: Minutes from Cary, Apex, Garner, Durham, Morrisville, NC State, bus lines, shopping, restaurants, and entertainment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Explore this area
Business Placement
Demographics for 27606, NC
48,343
Population
22,199
Households
2.2
Avg Household Size
29
Median Age
59%
College-Educated
93%
High-School Grad
24.5 sq mi
ZIP Area
1,973
Density / Sq Mi
$75,640
Median Household Income
$40,950
Median Earnings
$1,369
Median Rent
$423,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Almost 6 acres of land inside the I-40 beltline.
Where is this residential land & home lot located?
The property is located at 613 Powell Drive Raleigh, NC.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Large 5.85‑acre parcel inside the I‑40 beltline in downtown Raleigh.; Development potential for multiple homesites (zoned R4).; Prime location: Minutes from Cary, Apex, Garner, Durham, Morrisville, NC State, bus lines, shopping, restaurants, and entertainment.
