Raleigh Land with Development
3151 New Bern Avenue Raleigh, NC 27610
3151 New Bern Avenue, Raleigh, NC, 27610
$12,000,000
For Sale
$12,000,000
LAND - Raleigh, NC
Lot Size4.89 Acres
Days on Market1002
Property Features for 3151 New Bern Avenue
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- CX12
- Vegetation
- Wooded
- Standard status
- Active
- APN
- 1724221587
- Lot size
- 4.89 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Wake County PIN 1724128276, 1724129451 & 17244221587
- Tax Annual Amount
- 24013
Utilities
- Utilities
- Electricity Available
- Sewer type
- Public Sewer
- Water source
- Public
Listing agency
Coldwell Banker HPW
(919) 467-1882
Listed by
J.W. Shearin · License #265200
(919) 819-1481
Added: Oct 25, 2023 Updated: May 19 at 5:12PM Checked: Jul 22 at 2:06PM
MLS# 2538929
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Investment Insights
Based on property information with market context.
This 4.89-acre property in Raleigh, NC, has been rezoned by the City of Raleigh for CX-12-UG-CU (TOD), allowing for a Residential Commercial mix development. The zoning permits a development of 16 to 20 stories, potentially accommodating up to 928 units of condos, apartments, and/or hotel rooms. The City is planning the first proposed BRT station at this location on New Bern Avenue. In addition to the 928 units, the zoning allows for 70,000 square feet of office space and 20,000 square feet for commercial uses.
Key Highlights
- Zoned CX‑12‑UG‑CU (TOD) allowing for high‑density residential/commercial mix development.
- Potential for a 16 to 20 story building construction.
- Capacity for up to 928 condo, apartment, or hotel units.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Raleigh land rezoned for mixed-use development near upcoming BRT station.
Where is this commercial land located?
The property is located at 3151 New Bern Avenue Raleigh, NC.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Zoned CX‑12‑UG‑CU (TOD) allowing for high‑density residential/commercial mix development.; Potential for a **16 to 20 story building construction**.; Capacity for up to 928 condo, apartment, or hotel units.
