2802 Milburnie Rd - Commercial LAND FOR SALE


Raleigh, NC 27610- King Charles71,003 SF
$975,000 USD
919-395-5193
2802 Milburnie Rd, Raleigh, NC for Sale
$975,000 USD
Commercial LAND - FOR SALE
1/11
71,003 SF

2802 Milburnie Rd
Raleigh, NC 27610
King Charles


HIGHLIGHTS

  • Flexible OX-5 zoning allows mixed-use, multifamily, or townhomes in a fast-growing transit corridor near WakeMed and Downtown
  • 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
  • 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

OVERVIEW

Exceptional development opportunity in a rapidly evolving Raleigh corridor! This 1.634-acre site is zoned OX-5 and offers outstanding flexibility with a preliminary site plan supporting multifamily development or up to 10 townhomes. A recorded right-of-way provides additional access from New Bern Avenue, enhancing connectivity and future potential. The property also features a natural area that could serve as a community garden, pocket park, or other thoughtfully designed green space. Ideally located just minutes from WakeMed Raleigh, I-440, Downtown Raleigh, and Crabtree Creek Trail, and positioned to benefit from the ongoing transformation of the New Bern Avenue Bus Rapid Transit (BRT) corridor, where construction is now underway. Seller financing is available, making this a compelling opportunity to invest in Raleigh’s growing transit-oriented health and education district.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/ACRE

$598,160/AC

PRICE/SF

$14 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Office, Mixed Use, Multi-Family, Single Family Development

LAND ACRES

1.63 AC

LAND SF

71,003 SF

OFFSITE IMPROVEMENTS

-

ZONING

OX-5

APN/PARCEL ID

1724112444

ASK ABOUT THIS PROPERTY

Beth MartinEXP REALTYMore Info
919-395-5193

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Beth MartinEXP REALTYMore Info
919-395-5193

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.