Property summary
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
Property profile
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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