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11601 Forest Pines Dr - Lot 85 5.09 Acres of Commercial Land Offered at $1,400,000 in Raleigh, NC 27614
Investment Highlights
- Medical, Childcare, Office, Apartments or Neighborhood-serving Retail opportunities
- Approved for up to 3 stories and Rezoning potential to increase density & height
- Situated directly across from a busy elementary school and surrounded by established residential communities
Executive Summary
• 5.09 Acres – Prime Commercial Site
• Zoned OX-3-PK (Office Mixed Use)
• Directly across from elementary school
• Surrounded by dense residential rooftops
• Access to Raleigh water & utilities
• Approved for up to 3 stories
• Rezoning potential to increase density & height
?? Permissible Uses & Development Potential:
The Office Mixed Use (OX) district is designed to integrate into surrounding neighborhoods and supports a variety of high-demand uses:
?? Medical Office (Fully Permissible)
?? Site Plan for 3 story 12 unit Apartments
?? Day Care Center (Limited Use – ideal for school proximity)
?? Retail / Pharmacy (Limited Use – see Raleigh UDO for specifics)
?? Professional & Community Service Uses
This property offers strong flexibility for developers seeking medical, childcare, office, or neighborhood-serving retail opportunities.
Property Facts
| Price | $1,400,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 5.09 AC |
| Property Type | Land | ||
| Zoning | OX-3 - The Office Mixed Use (OX) district | ||
| Price | $1,400,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 5.09 AC |
| Zoning | OX-3 - The Office Mixed Use (OX) district |
1 Lot Available
Lot
| Price | $1,400,000 | Lot Size | 5.09 AC |
| Price Per AC | $275,049.12 |
| Price | $1,400,000 |
| Price Per AC | $275,049.12 |
| Lot Size | 5.09 AC |
Access to Raleigh water & utilities
Description
This property offers strong flexibility for developers seeking medical, childcare, office, apartments or neighborhood-serving retail opportunities. Exceptional opportunity to develop 5.09 acres in a high-visibility Wake County location with a built-in customer base. Situated directly across from a busy elementary school and surrounded by established residential communities, this site offers strong daily traffic and immediate neighborhood demand. With Raleigh’s continued expansion and this location’s established residential base, this site presents excellent long-term appreciation and development upside. Rezoning through the City of Raleigh could allow for increased height and density.
Property Taxes
| Parcel Number | 1830.03-42-1903-000 | Improvements Assessment | $0 |
| Land Assessment | $302,360 | Total Assessment | $302,360 |
Property Taxes
Presented by
11601 Forest Pines Dr - Lot 85
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