Your email has been sent.
3102 Kelley Austin Dr - Raleigh Downtown Market 1.97 Acres CX-12 Lot 1.97 Acres of Commercial Land Offered at $5,500,000 in Raleigh, NC 27610
Investment Highlights
- Prime Inside-the-Beltline (ITB) corner lot positioned along a high-traffic corridor near Downtown Raleigh. Exceptional visibility, strong frontage
- Residential projects near Downtown Raleigh and East Raleigh are closer to 95%+ occupancy
- Prime development opportunity featuring a strategically located lot ideal for high-density residential with retail/mixed-use potential
Executive Summary
Up to 236 residential units
Up to 65,000 SF office space
Up to 25,000 SF retail space
Key Property Highlights
±1.97 Acres
Prime corner/infill location
Immediate access to I-440 and New Bern Avenue
High visibility and traffic exposure
Rapidly expanding Raleigh submarket
Strong surrounding residential density
Flexible commercial mixed-use zoning
Potential for residential, office, retail, and service-oriented development self-storage/storage units
Excellent Fit For:
Self-storage units
Gas Station / Convenience Store
Express or Tunnel Car Wash
Mixed-Use Retail Development
QSR / Fast Food
Coffee Drive-Thru
Retail Strip Center
Multifamily / Residential - approved Zoning for 236 units development 12 floors
Medical Office Development or Urgent Care
Strong Gas Station / Car Wash Opportunity
This site is well-positioned for a fuel station and express car wash concept due to:
Major commuter traffic flow
Easy highway connectivity
Strong daytime and residential population growth
Visibility from surrounding arterial corridors
Increasing demand for convenience retail and automotive services in East Raleigh
Survey and environmental reports available for qualified and serious buyers during due diligence.
Rezoning ordinance and entitlement documentation available upon request.
Excellent opportunity for developers, owner-users, gas station operators, car wash investors, and mixed-use builders seeking a high-growth Raleigh location.
Property positioned within a rapidly developing corridor with strong long-term upside and increasing surrounding residential density
Property Facts
1 Lot Available
Lot
| Price | $5,500,000 | Lot Size | 1.97 AC |
| Price Per AC | $2,791,878.17 |
| Price | $5,500,000 |
| Price Per AC | $2,791,878.17 |
| Lot Size | 1.97 AC |
Prime Development Opportunity – 3102 Kelley Austin Drive, Raleigh, NC Exceptional ±2-acre development site located in Raleigh’s rapidly expanding growth. Positioned in a high-demand area with strong residential and Commercial mix use CX-12 Zoned
Description
The site was recently rezoned to CX-12-CU (Commercial Mixed Use – 12 Stories Conditional Use), allowing significant flexibility for residential, retail, office, and mixed-use development opportunities. Approved entitlements permit up to 236 residential units, 65,000 square feet of office space, and 25,000 square feet of retail space. Surrounded by ongoing residential and commercial growth, the property presents an attractive opportunity for multifamily, mixed-use, gas station, self-storage/storage units,convenience retail, express car wash, medical office, QSR, or investment redevelopment projects subject to applicable approvals and site planning. The location offers excellent connectivity to Downtown Raleigh, I-440, New Bern Avenue, and major employment and retail corridors throughout Wake County. Strong population growth, increasing housing demand, and continued commercial expansion in the surrounding area support long-term appreciation potential. Great site for Carwash or Gas station as well at the corner.
Presented by
Venkata Kishore Reddy AmmiReddy
3102 Kelley Austin Dr - Raleigh Downtown Market 1.97 Acres CX-12 Lot
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.