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$500,000

  • Sold
  • Closed
  • Commercial
  • 2,970 Sq. Ft.
  • 0.49 Acres
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🏗️ 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, 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 $700K).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.

Full Property Details for 5416 Chapel Hill Rd

General

  • Sold For: $500,000
  • Taxes: $3,150
  • Status: Closed
  • Type: Commercial
  • Source: 2218
  • MLS ID: 10132330
  • Added to Site: 190 day(s) ago

Location

  • County: Wake
  • Subdivision: Not in a Subdivision
  • Driving Directions: USE GPS
  • City Limits: Yes

Heating & Cooling

  • Air Conditioning: Yes

Structural Information

  • Structure Type: None
  • Exterior Const.: Brick
  • Building Size: 2970
  • Square Feet: 2,970
  • Year Built: 1930
  • Other Struct. Feat.: Security System

Lot Features

  • Lot Size (Acres): 0.49
  • Lot Size (Sq. Ft.): 21,344.4
  • Lot Dimensions: per deed
  • Zoning: NX-3

Financial Considerations

  • Price Per Acre: $1,051,020.41
  • Tax Amount: $3,150.4

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 784326783
  • Lot Number: BM20

Listed by Coldwell Banker HPW, Marika La Sorsa (919) 906-9560
Sold by RE/MAX United, Joe Alercia

Listing agent

— 5416 Chapel Hill Rd —

  • Marika La Sorsa

    Coldwell Banker HPW

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5416 Chapel Hill Rd

School District:Wake County Schools
NameGradesDistance
Kingswood Elementary
200 East Johnson Street, Cary, NC 27513
PK-53.4 mi
Reedy Creek Middle
930 Reedy Creek Road, Cary, NC 27513
6-83.2 mi
Athens Drive High
1420 Athens Drive, Raleigh, NC 27606
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5416 Chapel Hill Rd

Date
Details
Price
Change
Source
4/28/2026
Sold
$500,000
-2.91%
MLS
1/16/2026
Price Reduced
$515,000
-42.78%
MLS
11/10/2025
Listed
$900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Coldwell Banker HPW, Marika La Sorsa (919) 906-9560
Sold by RE/MAX United, Joe Alercia

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Price Reduced near 5416 Chapel Hill Rd

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1408 Edgebrook Dr, Garner, NC 27529 - Photo 1 Price Reduced
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Recent Sales near 5416 Chapel Hill Rd

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5416 Chapel Hill Rd, Raleigh, NC 27607 - Photo 1 Sold
$500,000

5416 Chapel Hill Rd  Raleigh, NC 27607

  • Single Family
  • Closed
  • 4
    Beds
  • 2
    Total Baths
Listed by Coldwell Banker HPW, Marika La Sorsa
Sold by RE/MAX United, Joe Alercia
415 Carolina Ave, Raleigh, NC 27606 - Photo 1 Sold
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415 Carolina Ave  Raleigh, NC 27606

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5416 Chapel Hill Road, Raleigh, NC 27606 (MLS# 10132330) is a Commercial property that was sold at $500,000 on April 28, 2026. Want to learn more about 5416 Chapel Hill Road? Do you have questions about finding other Commercial real estate for sale in Raleigh? You can browse all Raleigh real estate or contact a Coldwell Banker agent to request more information.