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Investment Highlights

  • Redevelopment opportunity in an active Raleigh corridor!

Executive Summary

0.86± acre lot, zoned R-10 — matches the zoning behind the approved 61-home redevelopment at 620 Gannett
Existing home conveys at no cost — full flexibility to hold, rent, renovate, or clear for new construction
Prime Southwest Raleigh location — under 3 miles to NC State University and Centennial Campus
Proven redevelopment corridor — surrounded by recently built custom homes, duplexes, and townhome projects
Easy access to major routes — minutes to I-440, Western Blvd, Downtown Raleigh, and Cary
Close to key amenities — near Rex Hospital, Pullen Park, and the J.C. Raulston Arboretum

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.86 AC
Opportunity Zone Yes
Zoning R-10

1 Lot Available

Lot

Lot Size 0.86 AC

Description

Redevelopment opportunity in an active Raleigh corridor! 0.86-acre lot near NC State, Lake Johnson & downtown, minutes off Western Blvd.? Existing water/sewer connections no utility extension needed, saving time and cost.? Pineland Circle has seen multiple recent duplex/new-build deliveries nearby, supporting strong redevelopment comps.? Sold for land value; existing home to be removed or built around.? Buyer to verify zoning/density with City of Raleigh.? Prime opportunity for builders/investors.? A rare opportunity in one of Raleigh's most active redevelopment corridors.? This 0.86-acre lot sits just off Western Blvd near the Blue Ridge Rd corridor — minutes from NC State University, Lake Johnson Park, and downtown Raleigh — in a neighborhood already in the middle of a transformation.? Pineland Circle has become a proven target for builders: several original 1940s cottages nearby have already been replaced with new-construction, signaling strong market appetite and comps that support redevelopment economics.? This offering continues that momentum with one of the larger remaining lots on the street — nearly double the size of many neighboring parcels — giving a builder real flexibility for a single custom home, a duplex, or a potential split, subject to zoning and Raleigh's subdivision review.? Buyer to verify current zoning, allowable density, and any subdivision or rezoning requirements with the City of Raleigh.? Ideal for a builder, developer, or investor looking to capture value in a corridor already validated by recent new construction.?

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 42065465

  • Date on Market: 9/5/2026

  • Last Updated:

  • Address: 120 Pineland Cir, Raleigh, NC 27606

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