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About this home
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.
East Raleigh, located between Downtown Raleigh and Knightdale, is a historic and evolving Raleigh neighborhood with a grid of older streets and a growing arts-and-food scene. The neighborhood’s character concentrates around the Poole Road and N Rogers Lane corridor, where murals, corner markets, and small eateries set a lived-in, street-level rhythm. Anchors like Transfer Co. Food Hall, The Pour House Music Hall & Record Shop, and Artspace help define the area’s creative backbone. Housing ranges from mid-century ranches to newer infill, often with deep lots and mature trees. Green space and trails thread through nearby parks, shaping a walk-and-roll lifestyle. Major arterials keep the geography connected to downtown venues and east-side retail.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Partially wooded vegetation
Exterior features
Public paved road frontage with public maintenance
See available plat for lot dimensions
Home design
OX-5 zoning
Construction
1.63-acre lot
Utilities
Public water
Private sewer
Electricity available and connected
Sewer available
HOA & community
No homeowners association
Not a senior community
Financial info
Annual tax amount available
Other
Located in Wake County
Directions: From 440 Beltline, go East on New Bern, Right on Shanta, Left on Milburnie — property on left. Also accessible from New Bern via Wakeview Office Condos.
Postal code 27610
Electricity and solar
View estimated energy costs and solar savings for this home
OX is intended to provide for a variety of office and employment uses while allowing for housing and limited retail and service-related options. Limited retail and service-related options are allowed subject to use standards that restrict the size and scale of each use.; OX is not intended to provide for areas exclusively dominated by office or employment uses but provide for developments that balance employment and housing options with access to convenience retail services and goods.; OX can serve as a land use transition between other mixed use districts and residential neighborhoods.
Zone overlays
Transit Overlay District
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Bed & breakfast
Office
Medical office
Research & development
Park & open space
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
6/10 Wind Factor
52% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Raleigh, NC • 27610
Average low and high temperatures (°F)
49
29
54
35
70
46
77
54
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90
73
82
67
81
64
72
51
66
44
54
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Oct
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Dec
Sun exposure
49/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
3.9 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2802 Milburnie Rd
$851,171
$124K under list price of $975K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $305K to $1.1M.