3640 Bastion Ln - Freestanding FOR SALE


Raleigh, NC 27604- Greater East Raleigh
$4,200,000 USD
919-621-9890
3640 Bastion Ln, Raleigh, NC for Sale
$4,200,000 USD
Freestanding - FOR SALE
1/10
null | 6% Cap Rate

3640 Bastion Ln
Raleigh, NC 27604
Greater East Raleigh


HIGHLIGHTS

  • Located off I-440 and US-64/New Bern Avenue with 103,000 AADT
  • Includes six former theater spaces and second-floor offices
  • IND-1 zoning allows for flexible commercial uses
  • 2.61-acre site with 121 dedicated parking spaces
  • Surrounded by strong demographics and major institutions

OVERVIEW

Positioned just off I-440 and US-64/New Bern Avenue, 3640 Bastion Lane offers a rare opportunity to acquire a versatile commercial property in Raleigh’s thriving East Beltline corridor. Originally built as the Carmike Theater corporate office, the building has since been transformed into a Christian event center, featuring six former theater spaces and a second-floor office suite. The 21,650 SF building sits on 2.61 acres and is zoned IND-1, allowing for a wide range of commercial uses.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar, Bowling Alley, Movie Theatre

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

121

LAND DETAILS

LAND ACRES

2.61 AC

LAND SF

113,692 SF

ZONING

IND-1

APN/PARCEL ID

1724.10-46-1030-000

ASK ABOUT THIS PROPERTY

919-621-9890

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919-621-9890

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