310 W Lane St - Warehouse FOR SALE


Raleigh, NC 27603
$6,130,000 USD
919-880-3250
310 W Lane St, Raleigh, NC for Sale
$6,130,000 USD
Warehouse - FOR SALE
1/5
null | Request Cap Rate

310 W Lane St
Raleigh, NC 27603


HIGHLIGHTS

  • Corner on main corridor into downtown
  • Potential for high density redevelopment

OVERVIEW

Adjoining buildings encompass corner of 302 and 310 W. Lane Street on .40 acre on a highly visible main corridor of downtown Raleigh from the North with traffic counts 26,000 cars per day. The adjoining buildings total 16,160sf industrial masonry on slab zoned DX-12, but not being utilized to best potential of high density, mixed use development. Across the street on 2 different corners have already been rezoned to DX-40. NOTE: 324 -326 W. Lane Street are also for sale through a different entity. The .99 acre sits next door and can be combined making it perfect for a highly visible, high density, mixed-use redevelopment with retail, residential, and hotel. Building is long-term owner occupied and will need time to vacate. Next door is the historic Melrose Knitting Mill with Mulino Italian Restaurant on bottom floor, events space Melrose Knitting Mill on the top floor, and soon to be available for lease will be approximately 3200+- sf in suite 100. Across the street is the Michelin rated, boutique Long Leaf Hotel that offers craft cocktails and entertainment in an updated mid-century style hotel that also regularly attracts long-time locals. Only a few steps from high density residential, government complexes, restaurants, nightlife, shopping, and other amenities.

FOR SALE DETAILS

PRICE

$6,130,000 USD

PRICE/SF

$379 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

2

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.4

LAND SF

17,424

ZONING

DX-12

APN/PARCEL ID

1704.19-50-7507-000

ASK ABOUT THIS PROPERTY

James MartinN American Bocker Roofing & Construction EquipmentMore Info
919-880-3250

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James MartinN American Bocker Roofing & Construction EquipmentMore Info
919-880-3250

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