1246 New Bern Avenue
Raleigh, NC 27610
- – beds
- – baths
- – sqft
- 6,000 sqft lot
- – on site
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.
Last checked:
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Last updated Dec 19, 2024
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MLS# 10067852 —
The Building
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Building Area Units:Square Feet
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Above Grade Finished Area Units:Square Feet
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Below Grade Finished Area Units:Square Feet
Room Dimensions
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Living Area Units:Square Feet
Location
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Directions:Headed east out of downtown Raleigh Property located on right side
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Latitude:35.779493
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Longitude:-78.61953
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Coordinates:-78.61953, 35.779493
The Property
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Parcel Number:1713288854
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Property Subtype:Unimproved Land
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Property Type:Land
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Lot Size Acres:0.1377
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Lot Size Area:6000
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Lot Size Dimensions:120 x 50'
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Lot Size SqFt:6000
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Lot Size Units:Square Feet
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View:true
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Road Frontage Type:City Street
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (919) 346-3296
- Office phone:
- (704) 800-0380
Taxes
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Tax Annual Amount:1550.29
The Listing
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Special Listing Conditions:Standard
Utilities
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Utilities:Cable Available
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Wake County Schools
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Middle Or Junior School:Wake County Schools
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High School:Wake County Schools
The Community
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Subdivision Name:Battery Heights
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Pool Private:false
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Association:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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12/19/24
Dec 19, 2024
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Listed / Active | DMLS | $1,490,000 | 2880.0% (357.4% / YR) |
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11/28/16
Nov 28, 2016
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DMLS | $50,000 |
