3102 Kelley Austin Dr - Commercial LAND FOR SALE


Raleigh, NC 27610- King Charles85,813 SF
$5,500,000 USD
240-640-0063
3102 Kelley Austin Dr, Raleigh, NC for Sale
$5,500,000 USD
Commercial LAND - FOR SALE
1/35
85,813 SF

3102 Kelley Austin Dr
Raleigh, NC 27610
King Charles


HIGHLIGHTS

  • Prime Inside-the-Beltline (ITB) corner lot positioned along a high-traffic corridor near Downtown Raleigh. Exceptional visibility, strong frontage
  • Prime development opportunity featuring a strategically located lot ideal for high-density residential with retail/mixed-use potential
  • Residential projects near Downtown Raleigh and East Raleigh are closer to 95%+ occupancy

OVERVIEW

Approved zoning CX-12 Up to 236 residential units Up to 65,000 SF office space Up to 25,000 SF retail space Key Property Highlights ±1.97 Acres Prime corner/infill location Immediate access to I-440 and New Bern Avenue High visibility and traffic exposure Rapidly expanding Raleigh submarket Strong surrounding residential density Flexible commercial mixed-use zoning Potential for residential, office, retail, and service-oriented development self-storage/storage units Excellent Fit For: Self-storage units Gas Station / Convenience Store Express or Tunnel Car Wash Mixed-Use Retail Development QSR / Fast Food Coffee Drive-Thru Retail Strip Center Multifamily / Residential - approved Zoning for 236 units development 12 floors Medical Office Development or Urgent Care Strong Gas Station / Car Wash Opportunity This site is well-positioned for a fuel station and express car wash concept due to: Major commuter traffic flow Easy highway connectivity Strong daytime and residential population growth Visibility from surrounding arterial corridors Increasing demand for convenience retail and automotive services in East Raleigh Survey and environmental reports available for qualified and serious buyers during due diligence. Rezoning ordinance and entitlement documentation available upon request. Excellent opportunity for developers, owner-users, gas station operators, car wash investors, and mixed-use builders seeking a high-growth Raleigh location. Property positioned within a rapidly developing corridor with strong long-term upside and increasing surrounding residential density

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/ACRE

$2,791,878/AC

PRICE/SF

$64 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Raleigh Downtown Market 1.97 Acres CX-12 Lot

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Industrial, Retail, Office, Mixed Use, Multi-Family, Hospitality, Apartment Units, Apartment Units - Condo, Bank, Day Care Center, Drug Store, Fast Food, Hotel, Medical, R&D, Restaurant, Self-Storage, Strip Center

LAND ACRES

1.97 AC

LAND SF

85,813 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

CX-12

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Venkata AmmiVenkata Kishore Reddy AmmiReddyMore Info
240-640-0063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Venkata AmmiVenkata Kishore Reddy AmmiReddyMore Info
240-640-0063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.