Description

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.

• Property Type

  Land

• County

  Wake

• Style

  Land

• AD ID

  48129252