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- LoopNet Team
7129 Cheviot Hills Dr
Raleigh, NC 27616
Call For Offers-08/11/25 · Land For Sale
·
3.11 AC
Investment Highlights
- Approximately 68,974 Vehicles Per Day, Capital Blvd/US 1.
- Utilities available to the site.
Property Facts
| Property Type | Land | Total Lot Size | 3.11 AC |
| Property Subtype | Commercial | ||
| Zoning | IX-3 - Industrial Mixed Use | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 3.11 AC |
| Zoning | IX-3 - Industrial Mixed Use |
Description
Commercial Development Opportunity: An approximately 3.11 acres fronting US 1/Capital Blvd. This Property is adjacent to Crossroads Infiniti and conveniently located close to many auto stores (Honda, Audi, Volkswagen, Acura, Lincoln, Land Rover, etc.). While there are existing improvements on the Property with short-term leases, this is more likely an offering of land for redevelopment. As indicated on the marketing materials, with the exception of one lease with an expiration of January 31, 2026, and one lease with an expiration of February 1, 2026, and the Lease with Lamar which expires in 2029, the other leases are month to month with the either Landlord or Tenant being able to provide sixty days’ notice to terminate the leases. Please note the NCDOT map in the marketing materials, which includes a link to the NCDOT Capital Boulevard Project. As noted on the marketing materials, the property is unpriced.
Property Taxes
| Parcel Number | 1727.11-66-7455-000 | Improvements Assessment | $1,681,289 |
| Land Assessment | $1,300,531 | Total Assessment | $2,981,820 |
Property Taxes
