Glenwood Ave Retail FOR SALE


Raleigh, NC
$5,900,000 USD
919-475-5769
, Raleigh, NC for Sale
$5,900,000 USD
Retail - FOR SALE
1/26
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Glenwood Ave
Raleigh, NC


HIGHLIGHTS

  • Prime 2.77-Acre Location
  • Established National Tenants
  • High-Visibility
  • Seamless Transition
  • Development Potential
  • Ample Parking

OVERVIEW

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 one lease ending August 31, 2025, and one current agreement extending through 2029 with the option 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.

ASK ABOUT THIS PROPERTY

Vandan Gandhi, CCIMKW CommercialMore Info
919-475-5769

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Vandan Gandhi, CCIMKW CommercialMore Info
919-475-5769

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