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2040 Milburnie Rd Raleigh, NC 27610

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For Sale
$1,150,000

Prime investment opportunity: 0.7-acre corner lot near downtown Raleigh.

Lot size:
0.70 Acres

Property Features for 2040 Milburnie Rd

General Information

Standard status
Active
Lot size
0.70 Acres

Source: THE EQUITY GROUP Agent RON COOPER

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Corner Lot Near Downtown Raleigh

This 0.7-acre corner lot is located at the intersection of North Raleigh Boulevard and Milburnie Road, offering convenient access to downtown Raleigh. Zoned R6, the property presents an outstanding investment opportunity with the potential for multiple build scenarios. Options include subdividing the lot to construct single-family homes, townhomes, or duplexes, subject to approval by the Raleigh Planning Department. The owner intends to have the existing home moved from the lot before closing but may include the home in the sale as-is if it cannot be moved in time. There is an adjacent vacant lot on Colleton, and acquiring it along with this property could create a sizeable development area on the corner. All offers will be considered.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Residential land & home ...

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Raleigh
County
Wake
State
North Carolina
Longitude
-78.6129896
Latitude
35.7877992

FAQs

What type of property is this?
Land - Prime investment opportunity: 0.7-acre corner lot near downtown Raleigh.
Where is this land located?
The property is located at 2040 Milburnie Rd Raleigh, NC.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: - Prime corner lot location at the intersection of North Raleigh Blvd and Milburnie Road, offering convenient access to downtown Raleigh.; - Zoned R6 on .7 acres, presenting an outstanding investment opportunity with potential for multiple build scenarios subject to Raleigh Planning Department approval.; - Potential for increased density and possible rezoning, with Raleigh Planning indicating receptiveness based on new owner interest, subject to approval.
More about this property
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