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2802 Milburnie Rd 1.63 Acres of Commercial Land Offered at $975,000 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
- 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
- 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
Executive Summary
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.
Property Facts
| Price | $975,000 | 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 | $975,000 |
| 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 | $975,000 | Lot Size | 1.63 AC |
| Price Per AC | $598,159.51 |
| Price | $975,000 |
| Price Per AC | $598,159.51 |
| 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.
Description
This 1.634-acre site offers a rare infill development opportunity in a rapidly growing area of Raleigh. Zoned OX-5 for mixed-use development, the property supports versatile configurations ideal for multifamily or townhome projects. A preliminary layout concept demonstrates options for apartment development or as many as ten townhomes. The site provides efficient access with recorded rights-of-way from New Bern Avenue and frontage along Milburnie Road. A natural green space within the property presents possibilities for added amenities such as a walking trail, pocket park, or community space, enhancing the appeal for residential users. Located along the New Bern Avenue Bus Rapid Transit corridor - currently under construction, this property benefits from long-term infrastructure investments and transit-oriented growth trends. Its strategic position ensures proximity to key destinations, including WakeMed Raleigh, I-440, Crabtree Creek Trail, and downtown Raleigh, enabling seamless community connectivity. Concept designs, survey maps, and additional documentation are available upon request, and seller financing provides flexibility for prospective buyers.
Contact the Sale Advisor
2802 Milburnie Rd