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Raleigh Land Subdivision Opportunity
For Sale
$50,000

2809 Banks Road, Raleigh, NC 27603

LAND - Raleigh, NC

Property SizeContact for details
Lot Size1.21 Acres
Days on Market205

Property Features for 2809 Banks Road

General Information

Property type Land
Property subtype Other
Zoning R-30
Vegetation Partially Wooded
Fencing Chain Link
Subdivision Not in a Subdivision
Lot features Level, Split Possible
Elementary school Wake - Vance Elementary
Middle school Wake - North Garner Middle
High school Wake - Garner High
Standard status Active
APN 069801467536000 0017365
Lot size 1.21 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description David K Dean
Tax Annual Amount 387
Legal Description David K Dean

Utilities

Utilities Electricity Available
Sewer type Septic Tank, Perc Test Required
Water source Well
Listing Agency: Compass -- Raleigh
Listed By: Jacob Ryan de Leon · License #359406
Added: Jan 28 Changed: Aug 10 Last Checked: Aug 21 at 10:06PM
MLS# 10143467

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.

Located on Banks Rd in South Raleigh, this 1.21-acre property offers potential for subdivision, presenting a valuable opportunity for future development. It provides a blend of privacy and acreage in a growing corridor of the city. The lot has a semi-rural feel, delivering peace and flexibility, while remaining minutes from everyday conveniences and city life. Grocery and retail options including Harris Teeter, Food Lion, Wegmans, and Costco are nearby, along with additional shopping and services along Fayetteville Rd (US-401). The location allows for easy access to Holly Springs, Angier, Apex, and Raleigh, creating connectivity for commuting and lifestyle. Downtown Raleigh's dining scene, food halls, and entertainment are approximately 15-20 minutes away. The zoning is R-30.

Key Highlights

  • Chain link fencing on the property
  • Electricity available
  • Water source: well

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Electrical Service Garden Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

28
Businesses Nearby

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
Rey
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 - Large lot near Raleigh with subdivision potential.
Where is this residential land & home lot located?
The property is located at 2809 Banks Road Raleigh, NC.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Chain link fencing on the property; Electricity available; Water source: well
More about this property
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