Last Sold Price
2,970 sqft$168/sqft
5416 Chapel Hill Rd, Raleigh, NC 27606

Description

🏗️ 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:...🏗️ 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.
LISTING CLOSED: 04/28/2026 12:00 AM

  1. Listed by Marika La Sorsa • Coldwell Banker HPW

Property Details for 5416 Chapel Hill Road

Status
MLS #
10132330
Taxes
$3,150 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Mixed Use
MLS Type
Commercial Sale / Mixed Use
Year Built
1930
Lot Size
0.49 AC / 21,344 SF
Subdivision
Not in a Subdivision

Location

Listing Courtesy of Coldwell Banker HPW

Sold By RE/MAX United

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Building Information for 5416 Chapel Hill Road

Stories-Residences-Year Built1930Building Size-Lot Size0.49 AC / 21,344 SF

Payment Calculator

$2,804 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,541

Property Taxes

$263

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5416 Chapel Hill Road

Summary
Location and General Information
  • Zoning: NX-3
  • Directions: USE GPS
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.790438
  • Longitude: -78.717833
Taxes and HOA Information
  • Tax Annual Amount: $3,150.40
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: BM20
Contract Information
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: No
  • Years Owned: 1 or More Year(s)
  • Due Diligence Expiration Date: 2026-04-10
Property
Lot Information
  • Building Area Total: 2970.0
  • Lot Size Dimensions: per deed
  • Parcel Number: 0784326783
  • Structure Type: None
  • List PriceAcre: 1051020.41
  • Sold PriceAcre: 1020408.16
  • Sold PriceList Price: 0.97
Property and Assessments
  • New Construction: No
  • Photos Count: 6
  • Below Grade Finished Area Units: Square Feet
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Pool Private: No
  • New Construction Type: Brick, None
Interior Features
  • Cooling?: Yes
  • Heating?: Yes
  • Interior: Brick
Agent
Sale and Listing
  • Property Type: Commercial Sale
  • Property Class Name: CrossProperty

Property History for 5416 Chapel Hill Road

DateEvent & SourcePriceAppreciation
Apr 28, 2026

Sold

TRIANGLEMLS #10141729

$500,000
Apr 28, 2026

Sold

TRIANGLEMLS #10132330

$500,000
Mar 12, 2026

Pending

TRIANGLEMLS #10141729

DateEvent & SourcePrice
04/28/2026

Sold

TRIANGLEMLS #10141729

$500,000
04/28/2026

Sold

TRIANGLEMLS #10132330

$500,000
03/12/2026

Pending

TRIANGLEMLS #10141729

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5416 Chapel Hill Road

Taxable ValueLand$326,563Additions$32,387Total$358,950
Tax Record2025$3,150 ($263 / month)
Home Facts
Beds0Baths1.5Total Finished SqFt2,960 SqFtAbove Grade Finished SqFt2,960 SqFtStories2Lot Size21,344 SqFtStyleSingle Family ResidenceYear Built1930Year Renovated1975ZoningNX-3CountyWAKEAPN0784.14-32-6783 0469730Fireplace TypeHas Fireplace

Schools near 5416 Chapel Hill Road

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Kingswood Elementary
PublicPK to 5

Reedy Creek Middle
Public6 to 8

Athens Drive High
Public9 to 12

Mount Vernon
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker HPW

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