605 New Bern Avenue
Raleigh, North Carolina
Building
Stats
- Property Type Retail - Street Retail
- Year built 1947
- Building size (SF) 3,011
- Size (Ac) 0.36
- Price $899,000
- Zoning NX-3-GR (Neighborhood mixed-use, 3-story) and OX-3-GR (Office mixed-use, 3-story)
Overview
Retail redevelopment or prime urban infill opportunity.
Highlights
Strategically located on 0.36 acres with excellent visibility providing premium frontage on New Bern Avenue and E. Edenton Street.
Positioned in the rapidly revitalizing area just east of Downtown Raleigh, this area received a major boost with the recent opening of the Alamo Draft House Cinema.
Conveniently located near numerous retail amenities.
New comperable townhome/condo unit sales range from the mid $400,000s - $600,000s and single-family home sales range from $500,000 - $1,000,000+.
New condo sales range from $400 - $500 psf.
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