Description of 1404 New Bern Ave, Raleigh, NC 27610
Listing details for 1404 New Bern Ave, Raleigh, NC 27610 : 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.
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Listing Updated : 05-02-2026 at 12:15 PM EDT
Property Details
Overview
Status
Active
MLS #ID
10164475
Price
$1,600,000
Bedrooms
Bathrooms
Square Footage
1,891
Acres
0.16
Year
1963
Days on Site
1
Property Type
Commercial Sale
Property Sub Type
Retail
Price per Sq Ft
$846
Date Listed
May 2, 2026
Community Information for 1404 New Bern Ave, Raleigh, NC 27610
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