About The Property

Rarely available, prime investment and development opportunity in an unbeatable location approximately 1 mile from Downtown Raleigh. Property offers strong visibility and frontage on New Bern Avenue. Zoned NX-3 (Neighborhood Mixed Use), allowing for a wide range of residential, commercial, and mixed-use development options. Property is three units but currently operating as one unit. Situated within an Opportunity Zone, providing potential tax advantages and alternate zoning opportunities. Currently leased through 2027 on a Triple Net (NNN) lease, offering stable income with minimal landlord responsibilities. Positioned at a planned stop for the future Raleigh Bus Rapid Transit (BRT) line, supporting long-term growth and accessibility. Ideal for investors or future owner-operators.
Courtesy of Coast 2 Coast Real Estate Conn, Courtney Elstad, 760-696-5575.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Retail
Square Ft.
1,891
Lot Size
0.16 Acres
Year Built
1963
MLS Number
10164475
Koren Bowman
REALTOR
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Additional Details

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Building
Building Area Total: 1891, Building Area Units: Square Feet, Construction Materials: "Concrete", Living Area Units: Square Feet, Living Area: 1891, Year Built: 1963
Cooling
Cooling Included
Heating
Heating Included
Lot
Lot Size Acres: 0.16, Lot Size Area: 6969.6, Lot Size Dimensions: .16, Lot Size Square Feet: 6969.6, Lot Size Units: Square Feet, Parcel Number: 171306384900000 0031019
Property
Property Sub Type: Retail, Zoning: NX-4, Number Of Buildings: 1
Taxes
Tax Annual Amount: 2271.71
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30 Days Snapshot Of 27610
$454k
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Courtesy of Coast 2 Coast Real Estate Conn, Courtney Elstad, 760-696-5575.

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