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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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3151 New Bern Ave , Raleigh, NC 27610
$12,000,000
Est. Payment: $67,440.41/mo
4.89 Acres
Status: active | Days on site: 1085
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3235 - 81165
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Terri Bias, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Terri Bias
Operator/Brokerage Owner
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House 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.
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Highlights

Listed by J.W. Shearin , Coldwell Banker HPW , Triangle MLS, Inc. of North Carolina mls logo

Property Type

Vacant Land
Lot/Acreage
4.89

County

Wake

 Neighborhood

Not in a Subdivision

Listing ID

2538929

Questions about this listing?

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Interior Features

Water:Public

Exterior Features

Lot:Sloped
Lot Dimensions:247x650x1400x271x635x912
Zoning:CX12
Sewer:Public Sewer
Principal Interest
$67,440
Taxes
$7,650

Home Price

$12,000,000

Loan Details

30 yrs
7.548%

Down Payment

20%
$2,400,000
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:
$67,440.41

Principal

Taxes

Principal Taxes HOA Total
Monthly $67,440.41 $7,650.00 $0.00 $75,090.41
Yearly $809,284.90 $91,800.00 $0.00 $901,084.90
Total $24,278,546.99 $2,754,000.00 $0.00 $27,032,546.99

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

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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: 2026-10-14T19:53:58.000Z

© 2026 Triangle MLS, Inc. of North Carolina

MLS Logo - Triangle MLS, Inc. of North Carolina