- Updated On:
- December 31, 2024
- 2 Bedrooms
- 1 Bathrooms
- 924 ft2
Seize this rare chance to own not one but two adjacent parcels of prime real estate being sold together. 1246 and 1250 New Bern Avenue represent a compelling opportunity to capitalize on Raleigh’s growth trajectory and urban development trends. With its strategic location, strong market fundamentals, and zoning potential, this property is ideal for investors or developers seeking to create a high-yield, future-forward project.
Property Highlights:
Location: Strategically positioned on a high-traffic corridor, with excellent visibility and easy access to public transit, downtown amenities, and major highways.
RX-3 Zoning: Ideal for combining retail, office and residential space (confirm zoning with city guidelines).
Lot Size: Combined, the two lots span .29 acres with a 3 story building height capacity, offering ample space for creative development.
Neighborhood Growth: Situated in an area poised for transformation, this property is surrounded by recent and upcoming developments, making it an excellent investment opportunity in an emerging market.
Why This Property?
Whether you’re looking to create modern multifamily housing, retail spaces, or a mixed-use community hub, this location offers a blank canvas for your vision. Its proximity to Raleigh’s thriving downtown, universities, hospitals, and employment hubs makes it highly desirable for future residents or tenants. Conceptual sketches available upon request.
Key Benefits:
Rising Property Values: Take advantage of the upward trend in property values in this area.
High Visibility: Benefit from daily exposure to thousands of potential clients, residents, or customers passing along New Bern Avenue.
Proximity to Amenities: Close to shopping, dining, healthcare, and cultural hotspots.
Don’t miss out on this incredible opportunity to invest in one of Raleigh’s most promising neighborhoods!
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- Principal and Interest
- Property Tax
- HOA fee
