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Listed price in listed location currency (USD).
$1,600,000

000

MLS® 10164475

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size 1891 sqft
Garage 
Taxes $2,272
Days Active 0
Lot Size 
Approx. Age 1963
Avg. Price Per Sqft $846
MLS® Number 10164475

Property Address: 1404 New Bern Avenue, Raleigh, NC, 27610

Average square foot calculated using Size range provided by listing agent.

Description

Rarely available, prime investment and development opportunity in an unbeatable location approximately 1 mile from Downtown Raleigh. Property offers strong visibility and frontage on New Bern Avenue. Zoned NX-3 (Neighborhood Mixed Use), allowing for a wide range of residential, commercial, and mixed-use development options. Property is three units but currently operating as one unit. Situated within an Opportunity Zone, providing potential tax advantages and alternate zoning opportunities. Currently leased through 2027 on a Triple Net (NNN) lease, offering stable income with minimal landlord responsibilities. Positioned at a planned stop for the future Raleigh Bus Rapid Transit (BRT) line, supporting long-term growth and accessibility. Ideal for investors or future owner-operators.
MLS® Number10164475
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1963
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 2, 2026List Date
$1,600,000List Price
  • Commute

Commute

Starting Address
Destination Address
1404 New Bern Ave, Raleigh, NC

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