Listing courtesy of Offerpad Brokerage LLC

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.