$3,500,000
For Sale

2341 New Bern Avenue

Raleigh, NC 27610
Browse 21 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

**PRIME Development Opportunity in the Heart of Raleigh** Located SECONDS from downtown, this 1.5-acre property presents a RARE and exceptional opportunity to develop a highly sought-after residential project. Situated right by downtown Raleigh's thriving entertainment, dining, and attractions, this site boasts prime zoning (RX-3-GP) ideal for *APARTMENTS* or *TOWNHOMES*, with the added rezoning potential to accommodate up to 5-story structures! With easy access to major highways, public transportation, and top-rated schools, this property is poised for MAXIMUM return on investment. Don't miss this chance to capitalize on Raleigh's booming growth and create a luxurious living destination that will set a new standard for urban living in the Triangle!

  • Property Details
      • Utility FeaturesCable Available, Electricity Connected, Sewer Connected, Water Connected
      • SubdivisionNot in a Subdivision
      • Property SubtypeUnimproved Land
      • Elementary SchoolWake - Hunter
      • Sewer InformationPublic Sewer
      • Middle SchoolWake - Ligon
      • High SchoolWake - Enloe
      • Property TypePurchase
      • MLS #10069688
      • MLS #10069688
      • Cost3500000
      • Utility SourcePublic
      • Taxes Annual$8,091
      • CountyWake
      • Acres1.5

Location

Debi Schautteet | FAB Real Estate Services, LLCReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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