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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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1404 New Bern Ave , Raleigh, NC 27610
$1,600,000
Est. Payment: $8,245.13/mo
0 Bed
0 Bath
1891 Sqft
Status: active | Days on site: 76
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Rarely available, prime investment and development opportunity in an unbeatable location approximately 1 mile from Downtown Raleigh. Property offers strong visibility and frontage on New Bern Avenue. Zoned NX-3 (Neighborhood Mixed Use), allowing for a wide range of residential, commercial, and mixed-use development options. Property is three units but currently operating as one unit. Situated within an Opportunity Zone, providing potential tax advantages and alternate zoning opportunities. Currently leased through 2027 on a Triple Net (NNN) lease, offering stable income with minimal landlord responsibilities. Positioned at a planned stop for the future Raleigh Bus Rapid Transit (BRT) line, supporting long-term growth and accessibility. Ideal for investors or future owner-operators.

Highlights

Listed by Courtney Elstad , 760-696-5575 Coast 2 Coast Real Estate Conn , 760-696-5575. Triangle MLS, Inc. of North Carolina mls logo

Property Type

Commercial Sale

Lot/Acreage
0.16

Year Built

1963

County

Wake

Listing ID

10164475

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot Dimensions:.16
Zoning:NX-4
Principal Interest
$8,245
Taxes
$189

Home Price

$1,600,000

Loan Details

30 yrs
6.683%

Down Payment

20%
$320,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,245.13

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,245.13 $189.31 $0.00 $8,434.44
Yearly $98,941.55 $2,271.71 $0.00 $101,213.26
Total $2,968,246.58 $68,151.30 $0.00 $3,036,397.88

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Raleigh, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-08-01T19:26:35.000Z

© 2026 Triangle MLS, Inc. of North Carolina

MLS Logo - Triangle MLS, Inc. of North Carolina