Raleigh Land Parcel For
For Sale
$12,000,000
3151 New Bern, Raleigh, NC 27610
Land parcel in Raleigh, NC, with mixed-use development potential.
Property Size70,000 SF
Lot Size4.89 Acres
Price / SF$171.43
Days on Market711
Property Features for 3151 New Bern
General Information
Standard status
Active
Size
70,000 SF
Lot size
4.89 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$24,013
Amenities
Sloped
Listing Agency:
COLDWELL BANKER HPW
(919) 467-1882
Listed By:
J.W. SHEARIN · License #265200
Source:
Corcoran
Added: Sep 10, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER HPW
Investment Insights
Based on property information with market context.
This property has been rezoned by the City of Raleigh for CX-12-UG-CU (TOD), allowing for a Residential Commercial mix development with the potential for 16 to 20 stories. The zoning permits 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
- Rezoned for high‑density mixed‑use development (CX‑12‑UG‑CU/TOD) allowing up to 20 stories.
- Potential for 928 residential units (condos, apartments, or hotel rooms).
- Site of the first proposed BRT (Bus Rapid Transit) station on New Bern Avenue.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,643
Businesses Nearby
Explore this area
Business Placement
Demographics for 27610, NC
75,164
Population
29,245
Households
2.6
Avg Household Size
34
Median Age
28%
College-Educated
86%
High-School Grad
45.2 sq mi
ZIP Area
1,663
Density / Sq Mi
$66,245
Median Household Income
$37,582
Median Earnings
$1,319
Median Rent
$260,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Land parcel in Raleigh, NC, with mixed-use development potential.
Where is this commercial land located?
The property is located at 3151 New Bern 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: Rezoned for high‑density mixed‑use development (CX‑12‑UG‑CU/TOD) allowing up to 20 stories.; Potential for **928 residential units** (condos, apartments, or hotel rooms).; Site of the first proposed BRT (Bus Rapid Transit) station on New Bern Avenue.
