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Mixed-Use Land for Sale in Raleigh, North Carolina

1501 Carolina Pines Ave, Raleigh, NC 27603

$5,500,000
8.44 acres
Active
Est $37,698/mo

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.

Location

Street address
1501 Carolina Pines Ave
Elevation
322 feet
Coordinates
35.7513, -78.6657

Property details

Acreage
8.44 acres
MLS #
DMLS 10120542
Posted

Property taxes

2025
$1,897 - Lawrence Ld

Details and features

Listing

Type
Land
Franchise
Home Smart International

Listing history

DateEventPriceChangeSource
Sept 8, 2025New listing$5,500,000DMLS
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This 8.44-acre property is located at 1501 Carolina Pines Ave in Raleigh, NC 27603. The property is available for sale for $5,500,000 with a price per acre of $651,659.

Checked 28 mins ago — Updated

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