1404 New Bern AVE, Raleigh, NC 27610
1404 New Bern AVE, Raleigh, NC 27610
1404 New Bern AVE, Raleigh, NC 27610
1404 New Bern AVE, Raleigh, NC 27610
1404 New Bern AVE, Raleigh, NC 27610
1404 New Bern AVE, Raleigh, NC 27610
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Alicia Rivera

Alicia Rivera

+1(919) 578-7891
Listed by Coast 2 Coast Real Estate Conn
$ 1,300,000
Est. payment | /mo

1,891 SqFt

Save
$ 1,300,000
Est. payment | /mo
Save

1,891 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 1,891 sqft

Price per Sqft $687

MLS Listing ID 10164475

HOA Y/N No

Year Built 1963

Annual Tax Amount $2,271

Lot Size 6,970 Sqft

Acres 0.16

Lot Dimensions .16

Property Sub-Type Retail

Source Doorify MLS

Land Area 1891

Property Description

Rarely available, prime investment and development opportunity in an unbeatable location approximately 1 mile from Downtown Raleigh. Property offers strong visibility and frontage on New Bern Avenue. Zoned NX-3 (Neighborhood Mixed Use), allowing for a wide range of residential, commercial, and mixed-use development options. Property is three units but currently operating as one unit. Situated within an Opportunity Zone, providing potential tax advantages and alternate zoning opportunities. Currently leased through 2027 on a Triple Net (NNN) lease, offering stable income with minimal landlord responsibilities. Positioned at a planned stop for the future Raleigh Bus Rapid Transit (BRT) line, supporting long-term growth and accessibility. Ideal for investors or future owner-operators.

Location

State NC

County Wake

Area 0.16

Zoning NX-4

Interior

Fireplace No

Exterior

Garage No

Building

New Construction No

Others

Tax ID 171306384900000 0031019

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Doorify MLS

NEARBY SCHOOLS & PROPERTIES

Alicia Rivera

“As your trusted realtor, my job is to provide luxury service and expert advice to clients to ensure informed decisions are made during the buying, selling of properties! ”

+1(919) 578-7891

aliciariverarealtor@gmail.com

5960 Fairview Rd Suite 400, Charlotte, NC 28210, United States

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1404 New Bern AVE