New Listing
$1,750,000
( $1047.90Per Sq Foot )
 $9,394 est/mo Sourced by Back At You

7705 Louisburg Road,Raleigh, NC 27616

Raleigh, NC 27616

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Description

Exceptional investment opportunity in one of Raleigh's rapidly expanding growth corridors. This 3.66+/- acre property offers nearly 200+/- feet of highly visible frontage along US Highway 401, making it an outstanding candidate for future commercial development. Positioned just minutes from Interstate 540, the property provides outstanding accessibility while benefiting from the strong traffic counts and exposure that Highway 401 delivers. The rear of the property borders the Neuse River and also adjoins the City of Raleigh Greenway Trail, creating a unique combination of commercial potential and natural surroundings. The property is currently improved with a well-maintained home offering just over 1,600+/- square feet of living space, along with a detached garage that provides additional storage or workspace. These improvements offer immediate utility while future development plans are pursued. Currently zoned residential, the property would require rezoning for commercial use. Given its location, visibility, and surrounding growth, the highest and best use is believed to be commercial development, subject to buyer verification and local approvals. Conveniently located only Minutes from I-540, approximately 30 minutes from Raleigh-Durham International Airport (RDU), with easy access to downtown Raleigh, Wake Forest, Rolesville, and surrounding communities. Whether you're an investor, developer, or business owner searching for a premier location with exceptional highway exposure, this property presents a rare opportunity to secure a highly visible parcel in one of Wake County's fastest-growing areas. For the safety and privacy of the owners, no trespassing is permitted. All showings are by appointment only.

Details

MLS #10194548
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1966
Days On Site1
Listing Provided ByWhitetail Properties, LLC | Tracie Marie Hicks

Features

Bath(s)2
SQ Feet1,670
Story(s)1
ZoningR-4
Acreage3.66
Water FrontRiver Front

Interior

Heating Yes / NoYes
Cooling Yes / NoYes
CoolingCentral Air

Exterior

RoofArchitectural Shingle
Lot FeaturesPartially Cleared, Rectangular Lot, Wooded
Waterfront FeaturesRiver Front
Construction MaterialsBrick, Vinyl Siding

Location

Waterfront FeaturesRiver Front

Utilities

UtilitiesSeptic Connected, Water Connected
SewerSeptic Tank

Taxes

Tax Assessed Value515954
Tax Legal DescriptionStell Ld
Tax Year2025

Area Information

StateNC
CountyWake
CityRaleigh
Zip Code27616
AreaWake
Listing VS Median (in 27616)
Price:
$1,750,000
low | high
Med:
$358,910
100% of Average
sqft:
1,670
low | high
Med:
1,697
48.383233532934% of Average
$ / sqft:
$1,048
low | high
Med:
$211
100% of Average
On site:
1
low | high
Med:
105
2% of Average
Sourced by Back At You

Market Activity 27616

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Additional Information


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Learn More About This Property

StateNC
CountyWake
CityRaleigh
Zip Code27616
AreaWake
Listing VS Median (in 27616)
Price:
$1,750,000
low | high
Med:
$358,910
100% of Average
sqft:
1,670
low | high
Med:
1,697
48.383233532934% of Average
$ / sqft:
$1,048
low | high
Med:
$211
100% of Average
On site:
1
low | high
Med:
105
2% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.312M - $2.187M
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
7719 Averette Field Drive Property Photo 1
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7719 Averette Field Drive
Raleigh, NC 27616
7719 Averette Field Drive Property Photo 1
$229,000
7719 Averette Field Drive
Raleigh, NC 27616
Listing Updated: September 24, 2026 at 10:15:35 AM PDT
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