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3824 New Bern Ave
Raleigh, NC 27610
Land For Sale · 1.00 AC

Investment Highlights

  • 48,000 VPD traffic count
  • Great visibility for Retail development
  • Front and rear load access potential

Executive Summary

Positioned along New Bern Avenue (US-64 Business) in Raleigh, this 1-acre commercial development opportunity offers frontage on one of the area's heavily traveled corridors, benefiting from an advertised traffic count of approximately 48,000 vehicles per day. The site consists of two adjacent 0.5-acre parcels and is zoned CX-5, allowing for a range of commercial mixed-use development opportunities with building heights up to five stories.
Surrounding commercial activity, established residential neighborhoods, and nearby retail, healthcare, dining, and hospitality amenities contribute to the property's appeal for investors and developers seeking a commercial mixed-use project. Existing utility infrastructure, including municipal water and sewer, is available along New Bern Avenue, providing a foundation for future development. The property's Community Mixed Use future land use designation aligns with continued growth and redevelopment along this corridor.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Multifamily
  • Warehouse
Total Lot Size 1.00 AC
Zoning CX-5 - Commercial Mixed Use

1 Lot Available

Lot

Price $775,000
Price Per AC $775,000.00
Lot Size 1.00 AC

The property consists of two adjacent parcels totaling approximately 1 acre (0.5 acres each) located at 3824 New Bern Avenue and 3913 Frazier Drive, Raleigh, NC 27610. The site is positioned along New Bern Avenue (US-64 Business).

Description

The property consists of two parcels located at 3824 New Bern Avenue and 3913 Frazier Drive in Raleigh, North Carolina, totaling approximately 1 acre. The parcels are zoned CX-5 (Commercial Mixed Use) and designated Community Mixed Use on the future land use map. The site fronts New Bern Avenue (US-64 Business) and is located near I-440, I-87, I-40, and I-540. Municipal water and sewer infrastructure are available within the New Bern Avenue right-of-way. The property is located approximately 3.8 miles from Downtown Raleigh, 21.9 miles from Research Triangle Park, and 17.7 miles from Raleigh-Durham International Airport.

  • Listing ID: 41474564

  • Date on Market: 7/29/2026

  • Last Updated:

  • Address: 3824 New Bern Ave, Raleigh, NC 27610

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