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Faits saillants de l'investissement

  • Flexible OX-5 zoning allows mixed-use, multifamily, or townhomes in a fast-growing transit corridor near WakeMed and Downtown
  • Includes natural green space suitable for community amenities such as trails or parks
  • Minutes from major institutions and roadways including WakeMed Raleigh, I-440, and Downtown Raleigh
  • Positioned within the New Bern Avenue Bus Rapid Transit corridor for excellent regional connectivity
  • Includes natural green space suitable for community amenities such as trails or parks

Résumé de l'annonce

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.

Faits sur la propriété

Prix 1 361 217 $ CAD
Type de vente Investissement
Nombre de lots 1
Type de propriété Terrain
Sous-type de propriété Terrain commercial
Utilisation proposée
Commercial
  • Bureau
  • Usage mixte
  • Multi-résidentiel
  • Développement familial unique
Taille totale du lot 1,63 AC
Zonage OX-5 - Usage mixte jusqu'à 5 étages.

1 Lot disponible

Lot 1

Prix 1 361 217 $ CAD
Prix par AC 835 102,43 $ CAD
Taille du lot 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.

Description

This 1.634-acre site offers a rare infill development opportunity in a rapidly growing area of Raleigh. Zoned OX-5 for mixed-use development, the property supports versatile configurations ideal for multifamily or townhome projects. A preliminary layout concept demonstrates options for apartment development or as many as ten townhomes. The site provides efficient access with recorded rights-of-way from New Bern Avenue and frontage along Milburnie Road. A natural green space within the property presents possibilities for added amenities such as a walking trail, pocket park, or community space, enhancing the appeal for residential users. Located along the New Bern Avenue Bus Rapid Transit corridor - currently under construction, this property benefits from long-term infrastructure investments and transit-oriented growth trends. Its strategic position ensures proximity to key destinations, including WakeMed Raleigh, I-440, Crabtree Creek Trail, and downtown Raleigh, enabling seamless community connectivity. Concept designs, survey maps, and additional documentation are available upon request, and seller financing provides flexibility for prospective buyers.

Moyennement accessible à pied
60/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
20/100
Exceptionnellement accessible en vélo
90/100
  • ID d’inscription: 38634741

  • Date de mise sur le marché: 2025-12-03

  • Dernière mise à jour:

  • Adresse: 2802 Milburnie Rd, Raleigh, NC 27610

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