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.
Lot/land
$975,000
2802 Milburnie Rd Lot 1, Raleigh, NC 27610
--beds
0baths
1.63Acres
Unimproved Land
Built in ----
1.63 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Natural area
- 216 days
- 15
- 0
Zillow last checked:
Listing updated:
Listed by:
Beth Martin 919-395-5193,
EXP Realty LLC
Source: Doorify MLS,MLS#: 10145535
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Lot
- Size: 1.63 Acres
- Residential vegetation: Partially Wooded
Details
- Parcel number: 172417112424000 0016109
- Zoning: OX-5
- Special conditions: Standard
Utilities & green energy
- Sewer: Private Sewer
- Water: Public
- Utilities for property: Electricity Available, Electricity Connected, Sewer Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Raleigh
Financial & listing details
- Tax assessed value: $426,018
- Annual tax amount: $3,373
- Date on market: 2/10/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/7/2026 | Price change | $975,000-7.1% |
Source: | ||
| 2/10/2026 | Listed for sale | $1,050,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: East Raleigh
Nearby schools
Schools provided by the listing agent
- Elementary: Wake County Schools
- Middle: Wake County Schools
- High: Wake County Schools
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




