5280 New Bern AveRaleigh, NC 27610

Property Details for 5280 New Bern Ave

Lot size

1.90 AC

Property size (Sq ft)

82,764 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional 1.9-acre commercial land parcel, located at 5280 New Bern Avenue in Raleigh, North Carolina, presents a unique investment opportunity. Currently vacant, this property offers 82,764 square feet of development potential, zoned Planned Development (PD). The asking price is $365,000, translating to $4.41 per square foot. Situated on a high-traffic area of New Bern Avenue (Highway 64), this outparcel benefits from approximately 28,000 vehicles passing daily and multiple access points, including a signalized intersection. The property's strategic location between Interstates 440 and 540 provides excellent accessibility, with both interstates less than 2.5 miles away. Furthermore, its proximity to Wake Med Raleigh Hospital (under three miles) adds to its desirability. The site is part of Edgewater Place, a thriving commercial area anchored by numerous national and local businesses. This last remaining outparcel in the development presents a rare chance to capitalize on a high-demand location in a rapidly growing area of Raleigh, Wake County, NC (zip code 27610). The property's APN is 1734333594.

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.7932

Longitude

-78.5495

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