Remarks

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.

Details

MLS#: 10069063
Price: $5,900,000

Style: Mixed Use
Sq Ft: 13104
Year Built: 1980

County: Wake
Lot Size: 0
Tax Fee: 19595