5416 Chapel Hill Road
Raleigh, NC 27607🏗️ Prime Development Opportunity Near the Fairgrounds !Location, Location, Location! Seize this exceptional opportunity to acquire two adjacent parcels totaling 0.92 acres of highly valuable commercial land, strategically located with unbeatable proximity to the bustling Fairgrounds and the area's planned future development zones.This offering is ideal for developers, rehabbers, investors, and businesses looking to capitalize on a high-growth corridor.Key Investment Highlights: Total Acreage: 0.92 Acres 5416 Chapel Hill rd is .49 acres and 103 Gary St is.43acres Sold separately for $356K).Strategic Location: Direct adjacency and easy access to the Fairgrounds, making it perfect for supporting businesses, hospitality, or mixed-use development (subject to zoning approval).Development Ready: The value lies squarely in the land. Both existing structures are tear-downs, offering a clean slate for your vision. Demolition Quotes Available: We have secured preliminary demolition quotes for both houses to streamline your development timeline and provide immediate clarity on initial costs.
$515,000
4 bedrooms
1 full, 1 half bathrooms
0.49 acres
2,970 square feet
$173 per square foot
- Exterior Features
- Interior Features
- Property Features
- Carport Y/N Yes
- Construction Materials Brick
- Lot Size Acres 0.49
- Structure Type House, Site Built, Mixed Use
- Above Grade Finished Area 2,970
- Basement Unfinished, Exterior Entry
- Cooling Window Unit(s)
- Cooling Y/N Yes
- Fireplaces Total 1
- Flooring Tile, Hardwood
- Heating Natural Gas
- Heating Y/N Yes
- Rooms Total 16
- Tax Annual Amount 3150.4
- Water Source Public
- Year Built 1930
Additional Property Information
- TypeSingle Family Residence
- Built1930
- NeighborhoodNot in a Subdivision
- CountyWake
- AreaRaleigh
- Elementary SchoolWake County Schools
- Middle SchoolWake County Schools
- High SchoolWake County Schools
Listing courtesy of Coldwell Banker HPW. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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