$5,200,000
About this home
A rare development opportunity in one of Raleigh's fastest-growing corridors. This offering includes five contiguous parcels at 1501, 1511, and 1515 Carolina Pines Avenue, along with 2109 and 2117 Lake Wheeler Road, totaling a substantial assemblage of 8+ acres in a highly desirable location. Situated just minutes from Downtown Raleigh, NC State University, I-40, and the burgeoning mixed-use growth along Lake Wheeler Road, this property provides unmatched visibility and accessibility for future development. Opportunities of this scale are increasingly rare within the city limits, making this assemblage a prime candidate for residential, mixed-use, or commercial development (subject to zoning and city approval). Developers and investors will appreciate both the strong demographic growth in the area and the site's proximity to employment, education, and entertainment hubs. Whether you're looking to create a signature community, a multi-family project, or a high-profile commercial destination, this assemblage represents a once-in-a-generation chance to secure a large development footprint in a premier Raleigh location.
Property details
- MLS #
- 10120542
- Property type
- Unimproved Land
- Subdivision
- N/A
- Status
- Active
- Days on market
- 397
- On market date
- September 8, 2025
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 8.44 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 496
- Student:teacher ratio
- 14.2:1
- District
- Wake County Schools
- Enrollment
- 921
- Student:teacher ratio
- 17.4:1
- District
- Wake County Schools
- Enrollment
- 2,413
- Student:teacher ratio
- 19.8:1
- District
- Wake County Schools
Walkability
Blended score for Raleigh's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Raleigh, from live MLS data.
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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated September 7, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.