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About This Home
This land at 2802 Milburnie Road in Raleigh, NC is listed for $975,000 (1.63 acres).
Exceptional development opportunity in a rapidly evolving Raleigh corridor! This 1.634-acre site is zoned OX-5 and offers outstanding flexibility with a preliminary site plan supporting multifamily development or up to 10 townhomes. A recorded right-of-way provides additional access from New Bern Avenue, enhancing connectivity and future potential.
The property also features a natural area that could serve as a community garden, pocket park, or other thoughtfully designed green space. Ideally located just minutes from WakeMed Raleigh, I-440, Downtown Raleigh, and Crabtree Creek Trail, the site is positioned to benefit from the ongoing transformation of the New Bern Avenue Bus Rapid Transit (BRT) corridor, where construction is now underway.
Seller financing is available, making this a compelling opportunity to invest in Raleigh's growing transit-oriented health and education district.
Key Features
- 1.63 acre lot
Location
2802 Milburnie Road
Raleigh, NC 27610
Not in a Subdivision
Questions & Answers
This 0-bedroom, 0-bathroom land at 2802 Milburnie Road is listed at $975,000. The estimated monthly payment is $4,225 based on 20% down at 6.5% interest.
Key features include: 1.63 acre lot.
This property is listed by Beth Martin and can be reached at 9193955193 or Beth@BethMartinRE.com.