Raleigh Development
For Sale
$975,000
2802 Milburnie, Raleigh, NC 27610
1.634-acre development opportunity near Downtown Raleigh and WakeMed.
Property SizeContact for details
Lot Size1.63 Acres
Days on Market192
Property Features for 2802 Milburnie
General Information
Standard status
Active
Lot size
1.63 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$3,373
Listing Agency:
EXP REALTY LLC
(888) 584-9431
Listed By:
BETH MARTIN
Source:
Corcoran
Added: Feb 10
Changed: Aug 8
Last Checked: Jul 16 at 3:50AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This 1.634-acre property presents a development opportunity in Raleigh. Zoned OX-5, a preliminary site plan suggests potential for multifamily development or up to 10 townhomes. A recorded right-of-way provides additional access from New Bern Ave. The property features a natural area suitable for a community garden, pocket park, walking trail, or other landscaped amenity. The location is near WakeMed Raleigh, I-440, Downtown Raleigh, and Crabtree Creek Trail. The New Bern Ave BRT (Bus Rapid Transit) corridor is currently under construction. Seller financing is available.
Key Highlights
- Prime Raleigh location with excellent development opportunity.
- Zoned OX‑5 with preliminary site plan for multifamily or up to 10 townhomes.
- Seller financing available.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,682
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 1.634-acre development opportunity near Downtown Raleigh and WakeMed.
Where is this residential land & home lot located?
The property is located at 2802 Milburnie Raleigh, NC.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prime Raleigh location with excellent development opportunity.; Zoned OX‑5 with preliminary site plan for multifamily or up to 10 townhomes.; Seller financing available.
