1404 New Bern Avenue
Description of 1404 New Bern Avenue, Raleigh, NC 27610
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.
Property Details
- MLS #10164475
- Price$1.6M
- StatusActive
- Square Footage1,891
- Bathrooms0
- Acres0.16
- Year Built1963
- Property TypeCommercial Sale
- Property Sub TypeRetail
- Days on Site38
- CountyWake
- CityRaleigh
- StateNC
- ZIP Code27610
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Location of 1404 New Bern Avenue, Raleigh, NC 27610
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