5416 Chapel Hill Road

Raleigh NC 27607

2970 sq. ft.

21344.4 sq. ft.

Single-Family

Last sold for $500,000

Marika La Sorsa, last sold this property on 28 April 2026 after 101 days on market.

Overview

🏗️ 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, rehabbers, 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 $356K).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.

Features

4 bedrooms

2 bathrooms

1 carspace

1 carport space

2970 sq. ft. floor area

21344.4 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Raleigh over the last 12 months, the estimated median property value of 5416 Chapel Hill Road is $1.01m.

Median value

$1.01m

Estimated value range

$483.5k - $5.86m

Median days on market

Estimated value trend

-3%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Raleigh. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5416 Chapel Hill Road

2026

Sold

$500,000

28 Apr 2026 by Marika La Sorsa, of Howard Perry & Walston Realtor

Happy sellers in Raleigh

We have insufficient information to provide an overview of customer satisfaction for Raleigh. Viewing the agent profiles, reviews and sales for Raleigh can provide insights for this location.