🏥 Old Rex Hospital Could Finally Hit the Market

Sep 14, 2026 | News

📍 The former Rex Hospital property on Wade Avenue could be sold by the state next year.

🏢 The site is nearly 16 acres between Village District and Hayes Barton.

💰 Wake County currently assesses the property at about $58.3 million.

🏗️ It has been talked about as a redevelopment opportunity for years, and a sale would put one of Raleigh’s more interesting infill sites into play.

Large sites in this part of Raleigh do not come around often. If it moves forward, this will be one to watch.

#RaleighNC #CommercialRealEstate #CRE #Redevelopment #WakeCounty #TriangleNC

https://www.axios.com/local/raleigh/2026/09/03/the-state-could-finally-sell-the-old-rex-hospital-in-raleigh

Dylan Cunningham

J Dylan Cunningham, CCIM is the founder of Oak Street Commercial Real Estate, LLC, a firm located in Apex, NC on a mission to help business owners and commercial real estate owners create long-term strategies that align with their objectives through real estate.

We believe in going beyond the transaction, taking a deep look at where you want to be in five, ten or even twenty years from now—and how we can help you get there with thoughtful, strategic decisions today.

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