611-613 Powell Drive

Raleigh, NC 27606

$6,000,000
Price
263,538 / 6.05
Lot Size / Acres

Description

One of the LAST large parcels in downtown RALEIGH! Don't miss your chance to own over 6 acres of property inside the I-40 belt line. Build your own private secluded home or develop into a multiple homesites. Zoned R4 with ability to build Single Family Homes or 2 townhomes with a 65' width minimum under the conventional development option, see Raleigh UDO for minimum lot requirements. Raleigh UDO: https://user-2081353526.cld.bz/UnifiedDevelopmentOrdinance
The lot being sold is approximately 985ft
...One of the LAST large parcels in downtown RALEIGH! Don't miss your chance to own over 6 acres of property inside the I-40 belt line. Build your own private secluded home or develop into a multiple homesites. Zoned R4 with ability to build Single Family Homes or 2 townhomes with a 65' width minimum under the conventional development option, see Raleigh UDO for minimum lot requirements. Raleigh UDO: https://user-2081353526.cld.bz/UnifiedDevelopmentOrdinance
The lot being sold is approximately 985ft x 252ft. The property is minutes from Cary, Apex, Garner, Durham, Morrisville, NC State, Bus lines, shopping, restaurants, and entertainment. New SFH in the area selling for around $950k. Homes are of no value and both parcels of 611 and 613 Powell will only be sold together. Cameras onsite, please do not walk property without an appointment.
  1. Listed by Kathryn Michelle MacKinnon • Better Homes & Gardens Real Es

Property Details for 611-613 Powell Drive

View
Yes
Subdivision
Not in a Subdivision
LISTING UPDATED: 02/28/2025 04:56 AM

Property Details for 611-613 Powell Drive

StatusActive
MLS #10074150
Days on Market34
Taxes$11,273 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Unimproved Land
Year Built-
Lot Size6.05 AC
CountyWake County

Building Information for 611-613 Powell Drive

Lot Size6.05 AC

Property Information for 611-613 Powell Drive

Summary
Location and General Information
  • Zoning: R4
  • Directions: From 40- Take Hillsborough exit towards Raleigh. Right on Powell Dr. Property will be on your left.
  • Subdivision Name: Not in a Subdivision
  • Latitude: 35.783291
  • Longitude: -78.710861
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $11,273.00
  • City Limits Of: Raleigh
  • City Limits YN: Yes
  • Lot Number: 3
  • Restrictive Covenants YN: No
Contract Information
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: No
  • Years Owned: 1 or More Year(s)
School Information
  • Elementary School: Wake County Schools
  • Elementary School 2: Wake County Schools
  • Middle Or Junior School: Wake County Schools
  • High School: Wake County Schools
Property
Lot Information
  • Lot Features: City Lot, Gentle Sloping, Hardwood Trees, Near Public Transit, Partially Cleared, Split Possible, See Remarks
  • Lot Size Dimensions: Appro x 987 x 252ft
  • List PriceAcre: 991735.54
  • Road Frontage Length: 258
Property and Assessments
  • Photos Count: 27
  • Possible Use: Development, Investment, Residential, Single Family, Subdivision, Unimproved, Vacant
  • Below Grade Finished Area Units: Square Feet
  • Current Use: Investment, Residential, Unimproved, Vacant
Utilities
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public
  • Water_Sewer: Public, Public Sewer, Sewer Available, Water Available
Interior and Exterior Features
Exterior Features
  • Pool Private: No
Interior Features
  • Interior: Sewer Available, Water Available
Agent
Sale and Listing
  • Property Class Name: CrossProperty

Property History for 611-613 Powell Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 611-613 Powell Drive

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
Adams Elementary
PublicPK to 5

Lufkin Road 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.

Similar Homes

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Similar Sold Homes

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611-613 Powell Drive is a 6.05 ac of land for sale in Raleigh, NC 27606. This property was listed for sale on February 1, 2025 by Better Homes & Gardens Real Es, it's currently listed at $6,000,000. This listing's school district is Wake County School District. Nearby schools include Adams Elementary, Lufkin Road Middle and Athens Drive High. 611-613 Powell Drive is a 0-bed, 0-bath, 6.05 ac of land on a 263,538 sq. ft. / 6.05 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Better Homes & Gardens Real Es

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