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802-906 Ileagnes Road 26.56 Acres of Commercial Land in Raleigh, NC 27603

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INVESTMENT HIGHLIGHTS

  • The Property encompasses approximately 26.56 acres designated for residential mixed-use development
  • Located just south of the bustling Central Business District, the Property is uniquely positioned at the growing Southern Gateway to Downtown Raleigh
  • Maximum zoning height of five stories

PROPERTY FACTS Under Contract

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 26.56 AC
Opportunity Zone Yes
Zoning RX-5-CU - Residential Mixed-Use

1 LOT AVAILABLE

Lot

Lot Size 26.56 AC

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DESCRIPTION

The Property encompasses approximately 26.56 acres designated for residential mixed-use development with a maximum zoning height of five stories. Located just south of Raleigh's bustling Central Business District, the Property is uniquely positioned at the growing Southern Gateway to Downtown Raleigh. With limited developable land in other directions, this area is witnessing a surge in both public and private investments, making it a focal point for development. Major transportation routes surround the Property and will benefit from unparalleled access to primary arteries I-40, South Saunders, Wilmington Street, and significant multi-modal connectivity. The location is primed to serve the growing population and job market in Downtown Raleigh, Southern Wake County, and Johnston County. The property is in an Opportunity Zone (OZ) and 2025 Qualified Census Tract (QCT).

  • Listing ID: 34173950

  • Date on Market: 12/12/2024

  • Last Updated:

  • Address: 802-906 Ileagnes Road, Raleigh, NC 27603

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