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Mixed-Use Development Land Parcel

4500 Western Blvd, Raleigh, NC 27606

For Lease
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12.22-acre mixed-use development site with CX-5 zoning for residential and retail/commercial projects.

Space Size30,000 SF
Lot Size12.22 Acres
Days on Market488

Property Features for 4500 Western Blvd

General Information

Standard status Active
Size 30,000 SF
Lot size 12.22 Acres
Property subtype RETAIL
Zoning CX-5

Site & Location

Neighborhood Strother
Highway Access Yes
Road Access Yes

Spaces For Lease

at 4500 Western Blvd
4500 Western Blvd AVAILABLE, Now
Floor 1
Size 30,000 SF
Type RETAIL
Rate Contact for pricing
Sublease No
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Listing Agency: CityPlat
Listed By: Nikita Zhitov, CCIM, SIOR, ALC
Source: Moodyscre
Added: Jul 10, 2025 Changed: Oct 26 Last Checked: Nov 8 at 7:11AM

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 CityPlat

Rey
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Investment Insights

Based on property information with market context.

This is a 12.22-acre mixed-use development site offered for sale. The property is identified as a CX-5 zoned parcel that supports both residential and retail/commercial development.

The site is located at the intersection of I-440 and Western Blvd, with combined traffic counts on I-440, Western Blvd., and Blue Ridge Rd exceeding 150,000 vehicles per day.

The property is described as being within a short drive of multiple major destinations, including NC State University, PNC Arena, Carter-Finley Stadium, the North Carolina State Fairgrounds, the North Carolina Museum of Art, and UNC-Rex Hospital.

Key Highlights

  • 12.22‑acre mixed‑use development site for sale at the intersection of I‑440 and Western Blvd.
  • CX‑5 zoning supports residential and retail/commercial development.
  • High traffic counts: combined I‑440, Western Blvd., and Blue Ridge Rd exceed 150,000 vpd.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Hair Salon Spa & Massage Center Nail Salon Law Firm Dental Office Bakery

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

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

557
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - 12.22-acre mixed-use development site with CX-5 zoning for residential and retail/commercial projects.
Where is this commercial land located?
The property is located at 4500 Western Blvd Raleigh, NC.
What are key features of this property?
This property features: 12.22‑acre mixed‑use development site for sale at the intersection of I‑440 and Western Blvd.; CX‑5 zoning supports residential and retail/commercial development.; High traffic counts: combined I‑440, Western Blvd., and Blue Ridge Rd exceed 150,000 vpd.
(919) 412-9038 Call to check price and availability
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