# 3151 New Bern Avenue, Raleigh, NC 27610

> **TL;DR:** land, $12,000,000. Est. $64,179/mo. Listed 1101 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $12,000,000 |
| Lot Size | 213,008 sqft (4.89 acres) |
| Property Type | Land (Other) |
| Status | Active |
| Days on Market | 1101 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $60,679 |
| Estimated Insurance | $3,500 |
| **Total** | **$64,179** |

## Nearby Schools

- **Elementary:** Wake County Schools
- **Middle:** Wake County Schools
- **High:** Wake County Schools

## Property Highlights

- 4.89 acre lot

## Description

### Agent Description
This property has been rezoned by the City of Raleigh for CX-12-UG-CU (TOD). The zoning allows for a Residential Commercial mix development from 16 to 20 stories possible. Up to 928 units of condos, apartment and or hotel rooms. The City is underway for the first proposed BRT station at this location on New Bern Avenue. In addition to the 928 units, there is 70k square of office and 20k for commercial uses.

## Location

- **Address:** 3151 New Bern Avenue, Raleigh, NC 27610
- **County:** Wake
- **Neighborhood:** Not in a Subdivision
- **Coordinates:** 35.78971, -78.588004
- **Google Maps:** https://www.google.com/maps?q=35.78971,-78.588004

## Listing Agent

- **Name:** J.W. Shearin
- **Brokerage:** Coldwell Banker Howard Perry and Walston
- **Broker Phone:** (919) 789-5200
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/3151-New-Bern-Ave_Raleigh_NC_27610_M90372-90451?f=listhub&s=TRIANGLE&m=2538929&c=propsimple)

## Photos

![3151 New Bern Avenue - Photo 1](http://lh.rdcpix.com/f547b4c2aa8ee2cbd9ac5dc8b57961f8l-f1298781278r.jpg)

![3151 New Bern Avenue - Photo 2](http://lh.rdcpix.com/f547b4c2aa8ee2cbd9ac5dc8b57961f8l-f2336362492r.jpg)

---

**MLS#:** 2538929 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/3151-new-bern-avenue-raleigh-nc-27610-3f421fbb95e3496ba7f42b33455fb7bc)

---

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