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$1,600,000 Just Listed

  • For Sale
  • Active
  • Retail
  • 1,891 Sq. Ft.
  • 0.16 Acres
  • Updated 3 days ago
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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.

Full Property Details for 1404 New Bern Ave

General

  • Price: $1,600,000
  • Taxes: $2,271
  • Status: Active
  • Type: Retail
  • Source: 2218
  • MLS ID: 10164475
  • Updated: 5/2/2026
  • Added to Site: 4 day(s) ago

Rental Information

  • Lease/Rent Term: Other

Location

  • County: Wake
  • Driving Directions: From 40 exit Rock Quarry Rd. Left on Poole Rd. Right onto New Bern Ave Property on right side.
  • City Limits: Yes

Heating & Cooling

  • Air Conditioning: Yes

Structural Information

  • # Buildings: 1
  • Exterior Const.: Concrete
  • Stories/Levels: 1
  • Building Size: 1891
  • Square Feet: 1,891
  • Year Built: 1963

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size (Sq. Ft.): 6,969.6
  • Lot Dimensions: .16
  • Zoning: NX-4

Financial Considerations

  • Price Per Acre: $10,000,000
  • Tax Amount: $2,271.71

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 171306384900000 0031019
  • Lot Number: 25

Listed by Coast 2 Coast Real Estate Conn, Courtney Elstad (760) 696-5575

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Listing agent

— 1404 New Bern Ave —

  • Courtney Elstad

    Coast 2 Coast Real Estate Conn

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1404 New Bern Ave

School District:Wake County Schools
NameGradesDistance
Hunter Elementary School, Raleigh, NC
1018 East Davie Street, Raleigh, NC 27601
PK-50.5 mi
Ligon Middle
706 East Lenoir Street, Raleigh, NC 27601
6-80.8 mi
William G Enloe High
128 Clarendon Crescent, Raleigh, NC 27610
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1404 New Bern Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/02/2026
Listed
$1,600,000
68.42%
MLS
4/16/2024
Sold
$950,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1404 New Bern Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,272
—
$260,488
—
2024
$2,262
85%
$260,488
133%
2023
$1,220
8%
$111,916
—
2022
$1,133
4%
$111,916
—
2021
$1,089
2%
$111,916
—
2020
$1,069
-22%
$111,916
-10%
2018
$1,362
5%
$124,611
—
2017
$1,296
2%
$124,611
—
2016
$1,270
-12%
$124,611
—
2019
$1,444
11%
$124,611
-1%
2015
$1,306
5%
$126,169
—
2014
$1,239
7%
$126,169
—
2013
$1,156
—
$126,169
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1404 New Bern Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

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NMLS#: 1598647

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Listed by Coast 2 Coast Real Estate Conn, Courtney Elstad (760) 696-5575

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1404 New Bern Avenue, Raleigh, NC 27610 (MLS# 10164475) is a Retail property. 1404 New Bern Avenue is currently listed for $1,600,000 and was received on May 02, 2026. Want to learn more about 1404 New Bern Avenue? Do you have questions about finding other Retail real estate for sale in Oberlin Village? You can browse all Oberlin Village real estate or contact a Coldwell Banker agent to request more information.

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