Raleigh Development Opportunity: 8+
For Sale
$5,200,000
1501 Carolina Pines, Raleigh, NC 27603
Prime development land near Downtown Raleigh, NC State University.
Property SizeContact for details
Lot Size8.44 Acres
Days on Market336
Property Features for 1501 Carolina Pines
General Information
Standard status
Active
Lot size
8.44 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,897
Listing Agency:
HOMESMART EXPERT REALTY
(919) 583-7711
Listed By:
JONATHAN EDMISTON · License #290634
Source:
Corcoran
Added: Sep 8, 2025
Changed: Aug 8
Last Checked: Aug 9 at 7:49AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
345
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 - 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 $5,200,000.
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.
