1246 New Bern Avenue , Raleigh, NC 27610
Raleigh, NC 27610
Description
Strategic Location Prime Urban Corridor: Located on New Bern Avenue, a major thoroughfare offering high visibility and easy access to downtown Raleigh, I-440, and other key transportation routes. Proximity to Downtown Raleigh: Within walking and biking distance to a hub of business, education, and entertainment, driving tenant and buyer demand. Rapidly Growing Market: Situated in a neighborhood experiencing strong growth, with increasing property values and new developments in the pipeline. Development Potential Zoning Flexibility: Zoning allows for multifamily, mixed-use, or commercial development, catering to a variety of investment strategies (confirm zoning specifics with the city). Expansive Lot Size: Combined acreage provides ample space for mid-size projects, ideal for developers aiming to capitalize on the growing demand for housing and retail. High Density Potential: The area's demand for urban housing supports high-density residential projects, ensuring strong rental or resale income opportunities. Economic Drivers Population Growth: Raleigh is one of the fastest-growing cities in the U.S., creating consistent demand for housing and commercial spaces. Employment Hubs Nearby: Close proximity to Raleigh's thriving job market, including universities, healthcare institutions, and corporate offices. Walkable & Transit-Friendly: Accessible to public transportation and near key amenities like schools, shopping, and healthcare, ensuring appeal to future tenants and buyers. Investment Security Emerging Neighborhood: Located in a transitional area that is attracting redevelopment and investment, creating opportunities for significant upside potential. Appreciation Potential: With Raleigh's booming real estate market, properties in this area are well-positioned for long-term appreciation. Strong Rental Demand: The nearby downtown area and surrounding neighborhoods drive consistent demand for both residential and commercial rentals. Value-Add Opportunity Customizable Development: Investors have the flexibility to design and build according to market demands, whether it's urban apartments, townhomes, retail, or mixed-use spaces. Scalable Investment: Two adjacent parcels allow for cohesive development, optimizing returns on investment and operational efficiency. Additional photos coming soon. Conceptual mixed use sketches available upon request.
Details
| MLS# | 10067852 |
|---|---|
| Listing Type | For Sale |
| Style | Farm or Ranch |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 27 |
| Listing Provided By | Offerpad Brokerage LLC | Dawn Danielle Shephard |
Features
| Acreage | 0.14 |
|---|---|
| Property View | Yes |
Market Activity 27610
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27610 |
| Area | Wake |
| Community Name | Battery Heights |
| School District | Wake County Schools |
| Elementary School | Wake County Schools |
| Middle School | Wake County Schools |
| High School | Wake County Schools |
| Listing VS Median (in Battery Heights) | |
Price: $1,490,000 low | high Med: $1,250,000 On Site: 27 low | high Med: 184.000000 | |