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$1,490,000
3 Days On Site

1250 New Bern Avenue
Raleigh, NC 27610

For Sale|Single Family Residence|Active
2
Beds
1
Full Bath
0
Partial Baths
924
SqFt
$1,613
/SqFt
1940
Built
Subdivision:
Battery Heights
County:
Wake

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Seize this rare chance to own not one but two adjacent parcels of prime real estate being sold together. 1246 and 1250 New Bern Avenue represent a compelling opportunity to capitalize on Raleigh's growth trajectory and urban development trends. With its strategic location, strong market fundamentals, and zoning potential, this property is ideal for investors or developers seeking to create a high-yield, future-forward project. Property Highlights: Location: Strategically positioned on a high-traffic corridor, with excellent visibility and easy access to public transit, downtown amenities, and major highways. RX-3 Zoning: Ideal for combining retail, office and residential space (confirm zoning with city guidelines). Lot Size: Combined, the two lots span .29 acres with a 3 story building height capacity, offering ample space for creative development. Neighborhood Growth: Situated in an area poised for transformation, this property is surrounded by recent and upcoming developments, making it an excellent investment opportunity in an emerging market. Why This Property? Whether you're looking to create modern multifamily housing, retail spaces, or a mixed-use community hub, this location offers a blank canvas for your vision. Its proximity to Raleigh's thriving downtown, universities, hospitals, and employment hubs makes it highly desirable for future residents or tenants. Conceptual sketches available upon request. Key Benefits: Rising Property Values: Take advantage of the upward trend in property values in this area. High Visibility: Benefit from daily exposure to thousands of potential clients, residents, or customers passing along New Bern Avenue. Proximity to Amenities: Close to shopping, dining, healthcare, and cultural hotspots. Don't miss out on this incredible opportunity to invest in one of Raleigh's most promising neighborhoods!

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Listing Snapshot
Price 
$1,490,000
Days On Site 
3 Days
Bedrooms 
2
Inside Area (SqFt) 
924 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1940
MLS® Number 
10067846
Status 
Active
Property Tax 
$2,729.33
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
3 days agoListing first seen on site
General Features
Foundation 
Raised
Number Of Stories 
1
Parking 
Concrete
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
924
SqFt Total 
924
Stories 
One
Style 
Bungalow
Water Source 
Public
Zoning 
RX-3
Interior Features
Cooling 
ElectricHeat Pump
Flooring 
Combination
Heating 
Heat Pump
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Exterior Features
Construction Details 
Vinyl Siding
Road Frontage 
City Street
Roof 
Shingle
Community Features
Financing Terms Available 
CashConventionalSeller Equity SharePrivate Financing Available
Listing courtesy of Dawn Danielle Shephard of Offerpad Brokerage LLC



Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2024-10-30 12:00 AM UTC

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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