This prime 2.77-acre property in Northwest Raleigh offers excellent visibility and accessibility, making it an exceptional investment opportunity. The property features two established national tenants, one having operated at this location for over 40 years and both offering great space and visibility from Glenwood Avenue. Both tenants are paying market rents on NNN leases, with current agreements extending through 2029 and options to renew, ensuring long-term stability. The property also features a 5,000 sq. ft., 6-bay auto repair shop building that has been a fixture of the community for 44 years. This versatile building offers ample space, a large parking lot, and adaptability for other uses. The property holds tremendous potential for updates, redevelopment, or future growth. The mechanic shop could be reimagined or modernized to suit evolving market demands, and there is an easement behind the shop that could serve as a convenient future access point for vehicles. Additionally, the vacant land between the two buildings provides an excellent site for a new 5,000 sq. ft. structure, offering opportunities for expansion or new ventures.
** This Property Is For Lease, NOT Sale. Beautiful Furnished Office Condo In Great Location !! Convenient To RTP, RDU & Downtown Raleigh. Five Individual Offices And Spacious Conference Room. Kitchen W/ Refrigerator & Sink. Bathroom. Welcoming Waiting Room Area. Storage Space & Closet. Private Wrap Around Porch With Seating & Table Areas. Abundance of Parking. ** Floor Plan In Docs **
Second story office building with 4 cubicle and large conference table. Convenient to Glenwood Ave, I40, I440 & 1540, Rex Hospital & Restaurants. Handicap Accessible. For lease also at $14.75psf
The median home value in Raleigh, NC is $427,000. This is lower than the county median home value of $434,100. The national median home value is $338,100. The average price of homes sold in Raleigh, NC is $427,000. Approximately 46.75% of Raleigh homes are owned, compared to 43.8% rented, while 9.45% are vacant. Raleigh real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Raleigh real estate agent to arrange a tour today!
Raleigh, North Carolina 27612 has a population of 462,219. Raleigh 27612 is less family-centric than the surrounding county with 31.82% of the households containing married families with children. The county average for households married with children is 37.3%.
The median household income in Raleigh, North Carolina 27612 is $72,996. The median household income for the surrounding county is $88,471 compared to the national median of $69,021. The median age of people living in Raleigh 27612 is 34.2 years.
The average high temperature in July is 89.5 degrees, with an average low temperature in January of 29.9 degrees. The average rainfall is approximately 45.8 inches per year, with 3.7 inches of snow per year.