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Commercial Land Redevelopment Site
For Sale
$999,000

820826 820-826 New Bern Avenue 820-822-824-826, Raleigh, NC 27601

OX-3 zoning supports multiple potential development directions.

Property Size2,169 SF
Price / SF$460.58
Days on Market19

Property Features for 820826 820-826 New Bern Avenue 820-822-824-826

General Information

Standard status Active
Size 2,169 SF
Property subtype Multi-Family

Building Details

Year Built 1957
Listing Agency: Abron & Associates Realty
Listed By: Joseph Sr Abron · License #220008
Source: Tcrnc
Added: Aug 12 Changed: Aug 29 Last Checked: Aug 29 at 10:56AM

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 Abron & Associates Realty

Investment Insights

Based on property information with market context.

This commercial land offering comprises a 0.34-acre lot at 820-826 New Bern Avenue in Raleigh, North Carolina. The site carries OX-3 zoning, which allows a broad range of potential uses. Existing conditions are identified as potentially different from the property’s highest and best use, with teardown and redevelopment presented as a possible direction. The property record lists a 1957 year built, although no additional improvement details are provided. This offering is suited to parties evaluating the site based on its land area, zoning classification, and redevelopment potential.

Key Highlights

  • 0.34‑acre commercial lot
  • OX‑3 zoning allows many possibilities
  • 820‑826 New Bern Avenue, Raleigh, NC 27601

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Restaurant Hair Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

108
Businesses Nearby

Demographics for 27601, NC

9,965
Population
4,874
Households
2
Avg Household Size
32
Median Age
49%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
5,536
Density / Sq Mi
$70,433
Median Household Income
$51,443
Median Earnings
$1,499
Median Rent
$572,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - OX-3 zoning supports multiple potential development directions.
Where is this commercial land located?
The property is located at 820826 820-826 New Bern Avenue 820-822-824-826 Raleigh, NC.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 0.34‑acre commercial lot; OX‑3 zoning allows many possibilities; 820‑826 New Bern Avenue, Raleigh, NC 27601
More about this property
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