- For Sale Contact for pricing
- Property Type VacantLand
- Property Size 370,260 SF
- Lot Size 8.5 Acre
- Zoning CX-12-CU
- Date Updated Jul 3, 2026
Description
±8.50-Acre North Raleigh Multifamily Development Opportunity with In-Place CX Zoning
• Strong in-place zoning supporting by-right multifamily development
• Conceptually planned for 259 multifamily units with surface parking
• High visibility location with over 1,000 feet of frontage along I-540 (86,000 VPD)
• Future Sumner Boulevard extension provides enhanced access to US-1 and I-540
• Robust nearby multifamily rent comparables averaging $1,723 per unit ($1.79 PSF)
• Ease of access to employment and amenities in North Hills (13 minutes) and Downtown Raleigh (18 minutes)
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Contacts
Foundry Commercial
Foundry Commercial
Foundry Commercial