1,891 sqft

$1,300,000

1404 New Bern Avenue, Raleigh NC, 27610

Price per sqft$687.47

Built in1963

Property size1,891 sqft

Property typeCommercial

Listing courtesy of Coast 2 Coast Real Estate Conn

Overview

Active

Listed May 2, 2026

Updated Aug 10

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.

Additional information

MLS^® ID: 10164475

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.16 Acres

Other Property Details

Taxes: $2,272
Tax Frequency: Annually

Listed by Courtney Elstad, , Coast 2 Coast Real Estate Conn

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Data last updated 3:04 AM UTC, 8/10/2026