1246 New Bern Avenue
Description
Prime Urban Corridor: Located on New Bern Avenue, a major thoroughfare offering high visibility and easy access to downtown Raleigh, I-440, and other key transportation routes. Proximity to Downtown Raleigh: Within walking and biking distance to a hub of business, education, and entertainment, driving tenant and buyer demand. Rapidly Growing Market: Situated in a neighborhood experiencing strong growth, with increasing property values and new developments in the pipeline. Development...Strategic Location
Prime Urban Corridor: Located on New Bern Avenue, a major thoroughfare offering high visibility and easy access to downtown Raleigh, I-440, and other key transportation routes. Proximity to Downtown Raleigh: Within walking and biking distance to a hub of business, education, and entertainment, driving tenant and buyer demand. Rapidly Growing Market: Situated in a neighborhood experiencing strong growth, with increasing property values and new developments in the pipeline. Development Potential
Zoning Flexibility: Zoning allows for multifamily, mixed-use, or commercial development, catering to a variety of investment strategies (confirm zoning specifics with the city). Expansive Lot Size: Combined acreage provides ample space for mid-size projects, ideal for developers aiming to capitalize on the growing demand for housing and retail. High Density Potential: The area's demand for urban housing supports high-density residential projects, ensuring strong rental or resale income opportunities. Economic Drivers
Population Growth: Raleigh is one of the fastest-growing cities in the U. S., creating consistent demand for housing and commercial spaces. Employment Hubs Nearby: Close proximity to Raleigh's thriving job market, including universities, healthcare institutions, and corporate offices. Walkable & Transit-Friendly: Accessible to public transportation and near key amenities like schools, shopping, and healthcare, ensuring appeal to future tenants and buyers. Investment Security
Emerging Neighborhood: Located in a transitional area that is attracting redevelopment and investment, creating opportunities for significant upside potential. Appreciation Potential: With Raleigh's booming real estate market, properties in this area are well-positioned for long-term appreciation. Strong Rental Demand: The nearby downtown area and surrounding neighborhoods drive consistent demand for both residential and commercial rentals. Value-Add Opportunity
Customizable Development: Investors have the flexibility to design and build according to market demands, whether it's urban apartments, townhomes, retail, or mixed-use spaces. Scalable Investment: Two adjacent parcels allow for cohesive development, optimizing returns on investment and operational efficiency. Additional photos coming soon. Conceptual mixed use sketches available upon request.
- Listed by Dawn Danielle Shephard • Offerpad Brokerage LLC
Property Details for 1246 New Bern Avenue
Property Details for 1246 New Bern Avenue
| Status | Active |
|---|---|
| MLS # | 10067852 |
| Days on Market | 1 |
| Taxes | $1,550 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Land |
| MLS Type | Land / Unimproved Land |
| Year Built | - |
| Lot Size | 0.14 AC |
| County | Wake County |
Building Information for 1246 New Bern Avenue
Property Information for 1246 New Bern Avenue
- Directions: Headed east out of downtown Raleigh Property located on right side
- Subdivision Name: Battery Heights
- Latitude: 35.779493
- Longitude: -78.61953
- Road Frontage Type: City Street
- Road Surface Type: Asphalt
- Association: No
- Tax Annual Amount: $1,550.29
- City Limits Of: Raleigh
- City Limits YN: Yes
- Lot Number: 1246
- Restrictive Covenants YN: No
- Original MLS: Triangle MLS Inc
- Property Leased YN: No
- Years Owned: 1 or More Year(s)
- Elementary School: Wake County Schools
- Middle Or Junior School: Wake County Schools
- High School: Wake County Schools
- Lot Size Dimensions: 120 x 50'
- Parcel Number: 1713288854
- Road Frontage Length: 50
- Photos Count: 1
- Below Grade Finished Area Units: Square Feet
- Sewer: Public Sewer
- Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
- Water Source: Public
- Water_Sewer: Public, Public Sewer, Cable Available, Electricity Available, Sewer Available, Water Available
- Pool Private: No
- Interior: Cable Available, Electricity Available, Sewer Available, Water Available
- Property Class Name: CrossProperty
Property History for 1246 New Bern Avenue
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1246 New Bern Avenue
Schools near 1246 New Bern Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 13 |
Rating | School | Distance |
|---|---|---|
Hunter Elementary School PublicPK to 5 | ||
Ligon Middle Public6 to 8 | ||
William G Enloe High Public9 to 12 | ||
Wake Young Men's Leadership Academy Public6 to 13 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Offerpad Brokerage LLC
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