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5621 Kyle Dr - Kyle Drive Assemblage 1.21 Acres of Commercial Land Offered at $695,000 in Raleigh, NC 27616

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Investment Highlights

  • Flexible Rezoning Potential
  • City of Raleigh is currently rezoning property in the area to CX
  • In a growing corridor

Executive Summary

Rare 1.21-acre two-parcel assemblage in a growing North Raleigh corridor just off Louisburg Road (US-401). This listing includes 5621 Kyle Drive (PIN 1736166080) and 5615 Kyle Drive (PIN 1736156950). Currently zoned R-10 and marketed with an active rezoning strategy toward higher-density mixed-use (NX/CX). Ideal for neighborhood retail, small commercial, townhomes, or mixed-use redevelopment. Existing homes provide potential interim income while entitlement is pursued. Strong surrounding residential density and corridor growth make this a compelling infill opportunity.

Property Facts

Price $695,000
Sale Type Investment or Owner User
Sale Condition 1031 Exchange
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Auto Dealership
  • Auto Repair
  • Bar
  • Convenience Store
  • Fast Food
  • General Freestanding
  • Health Club
  • Hold For Development
  • Hold For Investment
  • Lodge or Meeting Hall
  • Loft or Creative Space
  • Neighborhood Center
  • Strip Center
Total Lot Size 1.21 AC
Zoning R10 - R-10 zoning with active rezoning path toward NX/CX mixed-use, supporting higher-density residential, retail, and small-scale commercial redevelopment.

1 Lot Available

Lot

Price $695,000
Price Per AC $574,380.17
Lot Size 1.21 AC

Rare 1.21-acre two-parcel assemblage in a growing North Raleigh corridor just off Louisburg Road (US-401). This listing includes 5621 Kyle Drive (PIN 1736166080) and 5615 Kyle Drive (PIN 1736156950). Currently zoned R-10 and marketed with an active r

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 1736.09-15-6950-000
  • 1736.09-15-6820-000
  • 1736.09-16-6080-000
Land Assessment
$300,000
Improvements Assessment
$464,202
Total Assessment
$764,202
  • Listing ID: 39384738

  • Date on Market: 2/10/2026

  • Last Updated:

  • Address: 5621 Kyle Dr, Raleigh, NC 27616

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