2521 Lake Wheeler Rd, Raleigh, NC, 27603
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Description
Property Details: • Type: Other • Bedrooms: 0 • Bathrooms: 0 • Square Feet: [object Object] • Lot/Size: 361,548 sqft lot
Description: Prime multifamily development opportunity in one of Raleigh's most active growth corridors. 8.30 acres with 437.5± LF of road frontage on Lake Wheeler Road, zoned R-10 with an Apartment land use designation. By-right density supports approximately 83 units; rezoning potential to 150-200 units for qualified developers. City of Raleigh gravity sewer confirmed at property boundary. No wetlands, no hydric soils -- Cecil sandy loam dominant, well-drained and highly buildable throughout. Two existing structures (c. 1927) on-site; demolition required. Situated in the rapidly developing Lake Wheeler Road/Dorothea Dix Park corridor with $21.8M in City-funded road improvements underway, The We
Location
Address
2521 Lake Wheeler Rd, Raleigh, NC, 27603
City
Raleigh
Features and Finishes
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