Zoned Multifamily Development
For Sale
Contact for pricing
5504 Rock Quarry Road, Raleigh, NC 27610
R-10-CU zoned land in an Opportunity Zone suited for townhome or multifamily development near major Raleigh roadways.
Property SizeContact for details
Lot Size28.40 Acres
Days on Market62
Property Features for 5504 Rock Quarry Road
General Information
Standard status
Active
Lot size
28.40 Acres
Property subtype
Multifamily, Land
Zoning
R-10-CU
Investment Type
Redevelopment
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Opportunity Zone
Yes
Listing Agency:
Avison Young - Raleigh Durham
Listed By:
Elisabeth Legg · License #355084
Source:
Crexi
Added: Jun 12
Changed: Aug 8
Last Checked: Jul 16 at 12:11PM
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 Avison Young - Raleigh Durham
Investment Insights
Based on property information with market context.
The property at 5504 Rock Quarry Road is 28.4 acres of land currently zoned R-10-CU. The site presents an opportunity to develop a townhome community or conventional multifamily project, with the potential to support multiple apartment product types including garden and low-rise assets.
The tract is located in the Southeast Raleigh Special Opportunity Zone. The remarks indicate this area is a high priority for Raleigh’s economic development, and qualifying projects may receive enhanced incentives. The property is described as being in the Southeastern region of Raleigh between Interstate 40, New Hope Road, and Rock Quarry Road, and within about six miles southeast of downtown Raleigh and roughly 10 miles south of the North Hills district.
For developers seeking a residential plan, this site’s zoning and Opportunity Zone designation align with townhome and multifamily uses. Its positioning near Interstate 40 and the referenced regional redevelopment activity, including the Complete 540 project, is intended to support access considerations for residential growth in eastern and southern Wake County.
The tract is located in the Southeast Raleigh Special Opportunity Zone. The remarks indicate this area is a high priority for Raleigh’s economic development, and qualifying projects may receive enhanced incentives. The property is described as being in the Southeastern region of Raleigh between Interstate 40, New Hope Road, and Rock Quarry Road, and within about six miles southeast of downtown Raleigh and roughly 10 miles south of the North Hills district.
For developers seeking a residential plan, this site’s zoning and Opportunity Zone designation align with townhome and multifamily uses. Its positioning near Interstate 40 and the referenced regional redevelopment activity, including the Complete 540 project, is intended to support access considerations for residential growth in eastern and southern Wake County.
Key Highlights
- 28.4‑acre Raleigh, NC land parcel zoned R‑10‑CU
- Opportunity Zone location in Southeast Special Opportunity Zone with enhanced incentives for qualifying projects
- Potential development for high‑end townhomes or conventional multifamily under R‑10‑CU zoning
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 27610, NC
75,164
Population
29,245
Households
2.6
Avg Household Size
34
Median Age
28%
College-Educated
86%
High-School Grad
45.2 sq mi
ZIP Area
1,663
Density / Sq Mi
$66,245
Median Household Income
$37,582
Median Earnings
$1,319
Median Rent
$260,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - R-10-CU zoned land in an Opportunity Zone suited for townhome or multifamily development near major Raleigh roadways.
Where is this residential land & home lot located?
The property is located at 5504 Rock Quarry Road Raleigh, NC.
What are key features of this property?
This property features: 28.4‑acre Raleigh, NC land parcel zoned R‑10‑CU; Opportunity Zone location in Southeast Special Opportunity Zone with enhanced incentives for qualifying projects; Potential development for high‑end townhomes or conventional multifamily under R‑10‑CU zoning
