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2802 Milburnie Rd 1.63 Acres of Commercial Land Offered at $1,343,063 CAD in Raleigh, NC 27610
Investment Highlights
- Flexible OX-5 zoning allows mixed-use, multifamily, or townhomes in a fast-growing transit corridor near WakeMed and Downtown
Executive Summary
Excellent infill development opportunity in a prime Raleigh location. Zoned OX-5 (Mixed Use), this 1.634-acre site supports multifamily or townhome development. A preliminary concept illustrates an apartment configuration or up to 10 townhomes.
Recently recombined, the property includes a recorded right-of-way for access from New Bern Avenue, along with frontage on Milburnie Road. A natural area on site offers potential for a pocket park, walking trail, or community green space.
Positioned along the New Bern Avenue Bus Rapid Transit (BRT) corridor, now under construction, and located within a growing transit-oriented corridor. Minutes to WakeMed Raleigh, I-440, Downtown Raleigh, and Crabtree Creek Trail. Survey, maps, and concept information available upon request. Seller financing available.
Recently recombined, the property includes a recorded right-of-way for access from New Bern Avenue, along with frontage on Milburnie Road. A natural area on site offers potential for a pocket park, walking trail, or community green space.
Positioned along the New Bern Avenue Bus Rapid Transit (BRT) corridor, now under construction, and located within a growing transit-oriented corridor. Minutes to WakeMed Raleigh, I-440, Downtown Raleigh, and Crabtree Creek Trail. Survey, maps, and concept information available upon request. Seller financing available.
Property Facts
| Price | $1,343,063 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.63 AC |
| Property Type | Land | ||
| Zoning | OX-5 - Mixed Use up to 5 stories. | ||
| Price | $1,343,063 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.63 AC |
| Zoning | OX-5 - Mixed Use up to 5 stories. |
1 Lot Available
Lot 1
| Price | $1,343,063 CAD | Lot Size | 1.63 AC |
| Price Per AC | $823,964.76 CAD |
| Price | $1,343,063 CAD |
| Price Per AC | $823,964.76 CAD |
| Lot Size | 1.63 AC |
Vacant 1.63-acres zoned OX-5 with Milburnie Rd frontage. Ideal for multifamily, townhome or office use in growing transit oriented corridor. Nearby to Wake Med, Downtown Raleigh and 440.
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Exceptionally bikeable
90/100
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2802 Milburnie Rd
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