1501 Carolina Pines, Raleigh, NC 27603

Listing agent JONATHAN EDMISTON

Listing office HOMESMART EXPERT REALTY J***@HomeSmartExpert.com Show Phone

Listing date Sep 8, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of HOMESMART EXPERT REALTY

Report an issue

---

Overview

This offering presents a development opportunity encompassing five contiguous parcels located at 1501, 1511, and 1515 Carolina Pines Avenue, as well as 2109 and 2117 Lake Wheeler Road. The assemblage totals over 8 acres in a location near Downtown Raleigh, NC State University, and I-40. The property also benefits from proximity to the mixed-use growth along Lake Wheeler Road, providing visibility and accessibility for future development. This assemblage is suitable for residential, mixed-use, or commercial development, subject to zoning and city approval. The location benefits from demographic growth and proximity to employment, education, and entertainment hubs. This assemblage represents an opportunity to secure a large development footprint in a Raleigh location.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Raleigh

County

Wake

State

North Carolina

Longitude

-78.6657

Latitude

35.7513

Nearby Similar for Sale

• 

  $3,900,000

  11,200 SF

  Modern Flex Building in Raleigh

  Built in 2021, suitable for industrial, office, retail.

  4550 Preslyn Drive, Raleigh, NC 27616

  View Details
• 

  $895,000

  2,025 SF

  Raleigh Commercial Building Near Downtown

  2,025 SF commercial building near Downtown Raleigh for sale.

  405 Morson Street, Raleigh, NC 27601

  View Details
• 

  $659,000

  2,727 SF

  Classic Brick Triplex Near Downtown

  Three-unit apartment building near downtown Raleigh and NC State University.

  850 Athens Drive, Raleigh, NC 27606

  View Details
• 

  $199,999

  526 SF

  Renovated Office Suite For Sale

  Recently renovated office suite in a desirable Raleigh location.

  111 Windel Drive, Raleigh, NC 27609

  View Details
• 

  $665,000

  3,168 SF

  Residential Income Triplex

  Triplex with one vacant unit available to show and long-term tenancy in place, sold as-is.

  3104 Crandon Lane, Raleigh, NC 27604

  View Details
• 

  $3,450,000

  13,800 SF

  Pre-Leased Student Housing Duplex Community

  Purpose-built student housing with private bedroom bathrooms and large outdoor living areas, nearly fully pre-leased for 2026–2027.

  3605 Burt Drive, Raleigh, NC 27606

  View Details
• 

  $969,000

  2,513 SF

  Updated Duplexes Near Downtown Raleigh

  Four updated units on two deeded lots near Chavis Park.

  509 Cape Avenue, Raleigh, NC 27601

  View Details
• 

  $370,000

  1,176 SF

  Furnished Office Condo in Raleigh

  Move-in ready office condo in a prime North Raleigh location.

  7000 Harps Mill Road, Raleigh, NC 27615

  View Details
• 

  $500,000

  1,641 SF

  Raleigh Duplex: Investment Opportunity

  Duplex in Raleigh, NC. One unit rented, one vacant.

  841 Barringer Drive, Raleigh, NC 27606

  View Details
• 

  $825,000

  1,944 SF

  Duplex Income Property

  Duplex on RX-3 zoned land with in-place leases extending through July 18, 2027.

  2217 Garden Place, Raleigh, NC 27607

  View Details
• 

  $650,000

  1,890 SF

  Versatile Office/Flex Condo in Raleigh

  1,890 sq ft end-unit, ideal for various business uses.

  148 Annaron Court, Raleigh, NC 27603

  View Details
• 

  $549,000

  2,344 SF

  Renovated Duplex Near Downtown Raleigh

  Turnkey investment opportunity with two renovated units on 0.33-acre lot.

  3408 Atlantic Avenue, Raleigh, NC 27604

  View Details

FAQs

What type of property is this?

Commercial land - Prime development land near Downtown Raleigh, NC State University.

Where is this commercial land located?

The property is located at 1501 Carolina Pines Raleigh, NC.

What is the asking price?

The asking price for this property is $5,500,000.

What are key features of this property?

This property features: 8+ acre land assemblage in a prime Raleigh location.; Rare development opportunity within city limits.; Proximity to Downtown Raleigh, NC State University, and I‑40.