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2802 Milburnie Rd 1.63 Acres of Commercial Land Offered at $1,050,000 in Raleigh, NC 27610
INVESTMENT HIGHLIGHTS
- Flexible OX-5 zoning allows mixed-use, multifamily, or townhomes in a fast-growing transit corridor near WakeMed and Downtown
EXECUTIVE SUMMARY
Excellent development opportunity in prime Raleigh location! Zoned OX-5 (Mixed Use) with an unapproved preliminary site plan for an apartment building or up to 10 townhomes. The property also features a natural area ideal for a community garden, pocket park, walking trail, or other landscaped amenity. Recently recombined to 1.634 acres; ROW agreement in place for access from New Bern Ave; Milburnie Rd frontage.
The New Bern Ave BRT (Bus Rapid Transit) corridor is slated to begin construction in Fall 2025—positioning this site in a fast-growing, transit-oriented health and education district. Minutes to WakeMed Raleigh, I-440, Downtown Raleigh, and Crabtree Creek Trail. Maps and proposed site plans available for review.
Attractive seller financing options available for qualified buyers.
The New Bern Ave BRT (Bus Rapid Transit) corridor is slated to begin construction in Fall 2025—positioning this site in a fast-growing, transit-oriented health and education district. Minutes to WakeMed Raleigh, I-440, Downtown Raleigh, and Crabtree Creek Trail. Maps and proposed site plans available for review.
Attractive seller financing options available for qualified buyers.
PROPERTY FACTS
| Price | $1,050,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.63 AC |
| Property Type | Land | ||
| Zoning | OX-5 - Mixed Use up to 5 stories. | ||
| Price | $1,050,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.63 AC |
| Zoning | OX-5 - Mixed Use up to 5 stories. |
1 LOT AVAILABLE
Lot 1
| Price | $1,050,000 | Lot Size | 1.63 AC |
| Price Per AC | $644,171.78 |
| Price | $1,050,000 |
| Price Per AC | $644,171.78 |
| Lot Size | 1.63 AC |
Vacant 1.63-acres zoned OX-5 with Milburnie Rd frontage. Ideal for multifamily, townhome or office use in growing transit oriented corridor. Nearby to Wake Med, Downtown Raleigh and 440.
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Presented by
Sizemore Realty Group, Llc
2802 Milburnie Rd
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