Large Downtown Raleigh Land
For Sale
$5,750,000
613 Powell, Raleigh, NC 27606
Almost 6 acres of land inside I-40 beltline.
Property SizeContact for details
Lot Size5.85 Acres
Days on Market190
Property Features for 613 Powell
General Information
Standard status
Active
Lot size
5.85 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$11,318
Amenities
City Lot
Gentle Sloping
Hardwood Trees
Near Public Transit
Partially Cleared
Split Possible
Listing Agency:
BETTER HOMES & GARDENS REAL ES
(919) 439-2168
Listed By:
KATHRYN MICHELLE MACKINNON
Source:
Corcoran
Added: Feb 12
Changed: Aug 8
Last Checked: Jul 16 at 4:43AM
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 BETTER HOMES & GARDENS REAL ES
Investment Insights
Based on property information with market context.
This is one of the last large parcels available in downtown Raleigh, offering almost 6 acres of property inside the I-40 beltline. The property is zoned R4; refer to the Raleigh Unified Development Ordinance (UDO) for minimum lot requirements. The lot dimensions are approximately 985 feet by 252 feet. It is located minutes from Cary, Apex, Garner, Durham, Morrisville, NC State, bus lines, shopping, restaurants, and entertainment. New single-family homes in the area are selling for around $1,000,000. The homes on the property have no value, and both parcels at 611 and 613 Powell will only be sold together. The total acreage is 5.85 acres. The property can be used to build a private secluded home or developed into multiple homesites. Cameras are on site, so please do not walk the property without an appointment.
Key Highlights
- Rare Opportunity: One of the last large parcels (5.85 acres) available in downtown Raleigh inside the I‑40 beltline.
- Development Potential: Zoned R4, allowing for potential development into multiple homesites (subject to Raleigh UDO).
- Prime Location: Minutes from Cary, Apex, Garner, Durham, Morrisville, NC State, bus lines, shopping, restaurants, and entertainment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Almost 6 acres of land inside I-40 beltline.
Where is this residential land & home lot located?
The property is located at 613 Powell Raleigh, NC.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Rare Opportunity: One of the last large parcels (5.85 acres) available in downtown Raleigh inside the I‑40 beltline.; Development Potential: Zoned R4, allowing for potential development into multiple homesites (subject to Raleigh UDO).; Prime Location: Minutes from Cary, Apex, Garner, Durham, Morrisville, NC State, bus lines, shopping, restaurants, and entertainment.
