2802 Milburnie RoadRaleigh, NC 27610

Description

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.

Property Information

Property type

Land

Sub-type

Unimproved Land

Lot size

1.63 acres

Lot dimensions

see available plat

Zoning

OX-5

Days on market

274

MLS^® Listing#

10145535

Property Features

Parking

Paved

Lot features

Wooded

Utilities

Electricity Available · Electricity Connected · Sewer Available

Sewer

Private Sewer

Water source

Public

Schools

Elementary

Wake County Schools

Middle

Wake County Schools

High

Wake County Schools

Financial Details

HOA

None

Annual taxes

$3,373Tax year 2025

Assessed value

$426,018

Parcel number

172417112424000 0016109

Directions

From 440 Beltline, go East on New Bern, Right on Shanta, Left on Milburnie, property on left. Also accessible from New Bern via Wakeview Office Condos.