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Investment Highlights

  • ±2.86-acre residential development opportunity with entitlements underway for a 6-home boutique custom community.
  • Entitlement process substantially complete, offering a faster path to horizontal and vertical development
  • Excellent connectivity with convenient access to I-40, US-70, and the Triangle's major employment centers, supporting strong long-term residential dem
  • Prime Garner location just minutes from Downtown Garner and approximately 15 minutes to Downtown Raleigh.
  • Ideal for custom or semi-custom home builders seeking a signature infill project in a high-demand market.

Executive Summary

520 Powell Drive presents a rare opportunity to acquire a 2.86-acre residential infill development in one of Wake County's fastest-growing submarkets. The property is being offered with the entitlement process already well underway for a 6-home boutique custom residential community, allowing a developer or custom home builder to significantly reduce the time, cost, and risk typically associated with land development.
Unlike raw land requiring years of planning, this project offers a streamlined path toward construction, making it ideal for builders looking to quickly add premium inventory to the market.

Data Room Click Here to Access

Property Facts

Price $395,000
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Single Family Development
  • Single Family Residence
Total Lot Size 2.90 AC
Opportunity Zone Yes
Zoning R4 - R-4 (Residential 4) is a low-to-medium density residential zone.

1 Lot Available

Lot 1

Price $395,000
Price Per AC $136,206.90
Lot Size 2.90 AC

±2.86-acre residential development site with entitlements underway for a 6-lot boutique custom home community. Prime Garner location near Downtown Raleigh, I-40, and US-70, offering a streamlined path to construction.

Description

520 Powell Drive presents a rare opportunity to acquire approximately 2.86 acres in one of Wake County's most desirable and rapidly growing residential markets. Located just minutes from Downtown Garner and approximately 15 minutes from Downtown Raleigh, the property is being offered with the entitlement process well underway for a six-lot boutique custom home community, providing a streamlined path from acquisition to development. Designed for a custom or semi-custom home builder, the proposed subdivision features six premium homesites that offer flexibility for distinctive floor plans, upscale finishes, and architectural character. Unlike larger production neighborhoods, this project allows a developer to create an exclusive residential enclave that appeals to today's discerning homebuyers seeking quality craftsmanship and thoughtful design. The property's strategic location offers convenient access to I-40, US-70, NC-50, and the greater Triangle employment corridor, placing residents within easy reach of major employers, shopping, dining, healthcare, and recreational amenities. Wake County continues to experience exceptional population growth, strong housing demand, and a limited supply of quality residential development sites, making boutique infill opportunities increasingly difficult to find. With significant entitlement progress already completed, this offering reduces much of the uncertainty and timeline associated with traditional land development. Whether you're an established custom builder or a residential developer seeking your next signature project, 520 Powell Drive represents an exceptional opportunity to deliver a high-quality residential community in one of the Triangle's strongest housing markets.

Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
  • Listing ID: 41207339

  • Date on Market: 7/8/2026

  • Last Updated:

  • Address: 520 Powell Drive, Garner, NC 27529

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