2802 Milburnie Rd, Raleigh, NC 27610

$975,000

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Seller Representative EXP Realty LLC

List Price
$975,000
Status
ACTIVE
MLS#
10145535
Lot Size
71,177
Subdivision
Not In A Subdivision
Acres
1.63

Property 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.

Additional Information

Utilities
Electricity Available, Electricity Available, Sewer Available
Water
Public
Vegetation
Partially Wooded

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .