$1,300,000

2040 Milburnie Road, Raleigh, NC 27610

  • Property Icon Land
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.7acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 10 days ago

Property Description

LOCATION, LOCATION, LOCATION; Great corner lot convenient to downtown Raleigh at the intersection of North Raleigh Blvd and Milburnie Road; Outstanding Investment Opportunity; Property Zoned R6 at .7 Acres with the option to pursue multiple build scenarios via subdividing the lot and building single-family, townhomes or duplexes which has to be approved by the Raleigh Planning Department; Raleigh Planning indicates they are receptive to more dense building and possible rezoning based on the new owner interest, again subject to the Raleigh Planning Department Approval: Owner plans to have existing home moved from the lot prior to closing however may be willing to include the home in the sale as-is to the buyer if not able to get it moved in sufficient time. There is a vacant attached lot to our listing on Colleton. If you are able to convince that owner to sell along with buying our property would provide sizeable area on that corner to make a development impact.

Listing Status:
Active
Date Added:
June 24, 2025 at 05:00AM
Listing Office:
The Equity Group : 919-225-4889
Listing Agent:
Ron Cooper : 919-225-4889
MLS ID:
10105366
  • Road/Access: City Street2 Lane Road4 Lane Road
  • Originating MLS: Triangle MLS
  • County: Wake

This listing courtesy of Ron Cooper, The Equity Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Powell Magnet Elementary School

1130 Marlborough Rd, Raleigh, NC, 27610

Grades PK-5

0.76 miles away

L

Longview

318 N King Charles Rd, Raleigh, NC, 27610

Grades 6-12

0.23 miles away

P

Phillips High School

1923 Milburnie Rd, Raleigh, NC, 27610

Grades 9-12

0.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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