TOD Zoning Redevelopment
For Sale
$12,000,000
3151 New Bern Avenue, Raleigh, NC 27610
Land, Raleigh, NC
Property SizeContact for details
Lot Size4.89 Acres
Days on Market1030
Property Features for 3151 New Bern Avenue
General Information
Property type
Land
Property subtype
Other
Zoning
CX12
Vegetation
Wooded
Subdivision
Not in a Subdivision
Lot features
Sloped
Elementary school
Wake County Schools
Middle school
Wake County Schools
High school
Wake County Schools
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
Legal Description
Wake County PIN 1724128276, 1724129451 & 17244221587
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Coldwell Banker HPW · Coldwell Banker Real Estate
(919) 467-1882
Listed By:
J.W. Shearin · License #265200
(919) 819-1481
Added: Oct 25, 2023
Changed: Aug 19
Last Checked: Aug 19 at 10:06PM
MLS# 2538929
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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). The zoning supports a residential and commercial mix development concept with potential for 16 to 20 stories, with up to 928 units of condos, apartments, and/or hotel rooms.
The City is also underway on the first proposed BRT station at this location on New Bern Avenue. The development concept described includes up to 70,000 square feet of office space and up to 20,000 square feet of commercial uses.
The site is located at 3151 New Bern Avenue in Raleigh, NC 27610 and consists of approximately 4.89 acres.
The City is also underway on the first proposed BRT station at this location on New Bern Avenue. The development concept described includes up to 70,000 square feet of office space and up to 20,000 square feet of commercial uses.
The site is located at 3151 New Bern Avenue in Raleigh, NC 27610 and consists of approximately 4.89 acres.
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
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 - Rezoned for CX-12-UG-CU (TOD), allowing mixed-use development up to 16–20 stories with up to 928 units.
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.
