3824 New Bern Ave Raleigh, NC 27610
- Retail space
- 1.00 lot acres
Current Use by Public Records
- Retail space
Property Details for 3824 New Bern Ave
- Lot size
- 1.00 lot acres
- Property type
- Retail space
- APN
- 0066819; 0066855
Description
This exceptional ±1-acre commercial land parcel, located at 3824 New Bern Ave, Raleigh, NC 27610, presents a remarkable redevelopment opportunity. Situated directly on Raleigh's planned Bus Rapid Transit (BRT) system, this property boasts unparalleled accessibility and visibility. With over 40,000 vehicles passing daily on New Bern Avenue, this site offers exceptional exposure for a variety of uses. The property's CX-3 zoning permits diverse development options, including offices for small businesses, free-standing retail, auto repair, flex warehouse space, or multifamily housing. Its strategic location provides easy access to Interstate-440, WakeMed Andrews Center, and downtown Raleigh (a mere 3.8 miles or 10-minute drive). The property also benefits from convenient access from both New Bern Avenue and Frazier Drive. Across New Bern Avenue sits a Walmart Supercenter and Tower Shopping Center, ensuring high foot traffic and established commercial presence. The surrounding neighborhood is poised for significant growth and increased density, with plans for affordable housing and mixed-use projects along the future transit corridor. This is a rare opportunity to acquire a prime commercial site in a rapidly evolving area of Raleigh. The property's APN is 0066819
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.5736252
- Latitude
- 35.7979428
