8024 Glenwood Ave - Office FOR SALE


Raleigh, NC 27612
$10,000,000 USD
919-824-4748
8024 Glenwood Ave, Raleigh, NC for Sale
$10,000,000 USD
Office - FOR SALE
1/24
null | Request Cap Rate

8024 Glenwood Ave
Raleigh, NC 27612


HIGHLIGHTS

  • 8024 Glenwood Avenue is a 56,000-square-foot office building boasting updated finishes in the common areas and ample on-site parking.
  • Benefit from owner/user potential, excellent tenancy, recent improvements, and an advantageous North Raleigh location in the Triangle.
  • Strategically positioned just minutes from Raleigh-Durham International Airport, Interstate 540, and Brier Creek shopping area.
  • Located in a prominent Glenwood Avenue corridor with easy access to several neighborhood amenities, from shopping and dining to service options.
  • Easy connectivity to surrounding population centers, including as Cary, Durham, and Downtown Raleigh.

OVERVIEW

8024 Glenwood Avenue offers the opportunity to own an exceptional office building in an unmatched North Raleigh locale in the heart of the Triangle. This three-story, 56,000-square-foot office comprises efficient floor plans with multiple configurations possible for varying densities, accentuated by a classic brick façade, excellent window lines allowing abundant natural light, and a newly remodeled common area. Investors will benefit from the property's strategic location, excellent condition, and value-add opportunities. New ownership can occupy up to 20,000 square feet on the first floor. Strategically located on Glenwood Avenue, the property's positioning along the main commercial corridor grants it superior connectivity and visibility, enhancing its efficacy for a wide range of uses. 8024 Glenwood Avenue provides prime frontage with exposure to over 45,980 daily drivers. Further supporting this central location, Raleigh-Durham International Airport and Interstate 540 are just minutes away for seamless commutes and travel in and out of town. Northwest Raleigh is a sprawling suburb featuring a unique combination of residential neighborhoods and convenient shopping centers, all in a park-like setting. The major routes in this part of town are lined with mature oaks and plenty of greenery, while shopping malls and retailers blend into this park-like community. Brier Creek is less than 10 minutes away, providing a wealth of conveniently accessible shopping and dining options. Within a 10-mile radius of the property is a population of over 636,388, with a projected annual growth each year for the next five years, all contributing to the area's strong labor pool, thriving consumer base, and growing community.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

220

LAND DETAILS

LAND ACRES

3.96 AC

LAND SF

172,498 SF

ZONING

C

APN/PARCEL ID

0787.13-03-9224-000

ASK ABOUT THIS PROPERTY

Tim PetersOak City CommercialMore Info
919-824-4748

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Tim PetersOak City CommercialMore Info
919-824-4748

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