Prime Development Land in
For Sale
$5,200,000
1501 Carolina Pines Avenue, Raleigh, NC 27603
COMMERCIAL - Raleigh, NC
Property SizeContact for details
Lot Size8.44 Acres
Days on Market347
Property Features for 1501 Carolina Pines Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
8.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lawrence Ld
Tax Annual Amount
1897
Legal Description
Lawrence Ld
Listing Agency:
HomeSmart Expert Realty · HomeSmart International
(919) 583-7711
Listed By:
Jonathan Edmiston · License #290634
(919) 391-6377
Added: Sep 8, 2025
Changed: Aug 4
Last Checked: Aug 20 at 10:06PM
MLS# 10120542
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 offering presents a rare development opportunity within one of Raleigh's fastest-growing areas. The property comprises five contiguous parcels located at 1501, 1511, and 1515 Carolina Pines Avenue, as well as 2109 and 2117 Lake Wheeler Road, creating a substantial assemblage of over 8 acres. The location provides visibility and accessibility, situated minutes from Downtown Raleigh, NC State University, I-40, and the mixed-use developments along Lake Wheeler Road. Opportunities of this scale are increasingly rare within the city limits. This assemblage is a prime candidate for residential, mixed-use, or commercial development, subject to zoning and city approval. The site's proximity to employment, education, and entertainment hubs, coupled with strong demographic growth in the area, makes it attractive to developers and investors. This assemblage represents a chance to secure a large development footprint in a premier Raleigh location, suitable for creating a signature community, a multi-family project, or a high-profile commercial destination.
Key Highlights
- Large 8+ acre assemblage in a rapidly growing Raleigh corridor.
- Rare development opportunity within city limits.
- Prime location minutes from Downtown Raleigh, NC State, and I‑40.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 27603, NC
54,616
Population
24,030
Households
2.3
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
51.4 sq mi
ZIP Area
1,063
Density / Sq Mi
$87,939
Median Household Income
$51,856
Median Earnings
$1,496
Median Rent
$347,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 8+ acres in a desirable location near Downtown Raleigh.
Where is this commercial land located?
The property is located at 1501 Carolina Pines Avenue Raleigh, NC.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Large 8+ acre assemblage in a rapidly growing Raleigh corridor.; Rare development opportunity within city limits.; Prime location minutes from Downtown Raleigh, NC State, and I‑40.
