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611 Powell Dr - 611 - 613 Powell Drive, Raleigh, NC 27606

0.52 - 5.53 Acre Residential Land Lots Offered at $8,076,910 CAD Per Lot in Raleigh, NC 27606

Residential Land & Home Lots North Carolina Raleigh 611 Powell Dr, Raleigh, NC 27606

Investment Highlights

  • Large Acerage
  • Many Redevelopment Options
  • Prime Location

Executive Summary

PRIME Residential Development Opportunity! 6.04 acres currently zoned R-4 and located within a Transit Overlay District providing flexibility on minimum lot sizes. Minutes away from I440, I40 and US1 with easy access to RDU Airport, area colleges, NC State Fair Grounds and PNC Arena. Powell Dr. offers public water, sewer, Go Raleigh 11L Bus route, BikeRaleigh route, sidewalks and a short walk to Powell Park. New construction on Powell Dr. is ranging between $600 - $700K on lots .12 acres and less. Convenient to RTP, Cary, Morrisville, Apex, and Garner.

Attachments

611_613 Powell Drive Information
Original Plat Map 1920 Farm 3

Property Facts

Price $8,076,910 CAD Property Subtype Residential
Sale Type Investment Total Lot Size 6.05 AC
No. Lots 2 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type Land
Price $8,076,910 CAD
Sale Type Investment
No. Lots 2
Property Type Land
Property Subtype Residential
Total Lot Size 6.05 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

2 Lots Available

Lot

Price $8,076,910 CAD Lot Size 5.53 AC
Price Per AC $1,460,562 CAD
Price $8,076,910 CAD
Price Per AC $1,460,562 CAD
Lot Size 5.53 AC

6.04 acres currently zoned R-4 and located within a Transit Overlay District providing flexibility on minimum lot sizes.

Lot

Lot Size 0.52 AC
Lot Size 0.52 AC

6.04 acres currently zoned R-4 and located within a Transit Overlay District providing flexibility on minimum lot sizes.

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zoning

Zoning Code R-4 (Residential district)
R-4 (Residential district)
(252) 217-7278

  • Listing ID: 31778892

  • Date on Market: 2024-05-12

  • Last Updated:

  • Address: 611 Powell Dr, Raleigh, NC 27606

The Land Property at 611 Powell Dr, Raleigh, NC 27606 is currently available For Sale. Contact Northside Realty for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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611 Powell Dr, Raleigh, NC for sale Building Photo- Image 1 of 7
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611 Powell Dr, Raleigh, NC for sale Building Photo- Image 2 of 7
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611 Powell Dr, Raleigh, NC for sale Other- Image 4 of 7
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611 Powell Dr, Raleigh, NC for sale Building Photo- Image 5 of 7
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611 Powell Dr, Raleigh, NC for sale Building Photo- Image 6 of 7
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611 Powell Dr - 611 - 613 Powell Drive, Raleigh, NC 27606
(252) 217-7278 x

611 Powell Dr - 611 - 613 Powell Drive, Raleigh, NC 27606

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Audrey Ray

(252) 217-7278

(252) 217-7278

Elizabeth Stitt

(919) 649-3768

(919) 649-3768

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