704-697-1900
1839 Capital Blvd, Raleigh, NC for Sale
Bank - FOR SALE
1/6
null | Request Cap Rate

1839 Capital Blvd
Raleigh, NC 27604


HIGHLIGHTS

  • A Top Performing Market Nationally
  • Flexible Zoning: Property is zoned in the IX-3 (Industrial Mixed Use - 3 stories max )
  • Dense & Affluent Surrounding Demographics

OVERVIEW

Dense & Affluent Surrounding Demographics: Site is positioned in a highly populated area with over 100k people in a 3-mile radius | 1 & 3 mile radius average household income exceeds $105K outpacing the national average ($80,610) - Great Visibility: Positioned on northbound and southbound Capital Blvd maximizing visibility | Ingress and Egress off of Capital Boulevard (34K VPD) - A Top Performing Market Nationally: Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage) | Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022) | Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News) - Positioned in a Strong Retail Node: Over 1.2MSF of retail space in a 1-mile radius boasting an vacancy rate of 1.2% | Nearby retailers include: Wegmans, Costco, and various auto repair stores - Flexible Zoning: Property is zoned in the IX-3 (Industrial Mixed Use - 3 stories max ) zoning provides expansive redevelopment opportunities - Former Bank Branch W/ Drive Through: Former bank with drive through allows flexibility to re-use the building for different tenant types

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vacant Bank Branch

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

CROSS STREETS

Crabtree Blvd

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

IND-2

APN/PARCEL ID

1714.06-38-3290-000

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.