901-481-5045
HIGHLIGHTS
- 1.71-acre commercial redevelopment site improved by an 11,000-SF retail center, with excellent visibility to approx. 70,000 daily vehicles.
- Shared access with neighboring national quick-service brands, including Chick-fil-A, Starbucks, Bojangles, and Tropical Smoothie Café.
- Flexible mixed-use zoning, allowing for a range of retail, restaurant, office, and multipurpose development options.
- Across the Austin Peay Highway from the new Raleigh Town Center, a major traffic driver and the epicenter of the area’s revitalization efforts.
- Strong retail leasing environment, with vacancies of just 4.3% and 5-year annual average rent growth of 3.3%.
- Supported by a 5-mile population exceeding 151,000, with annual consumer spending of more than $1.4 billion during 2024.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Redevelopment Site in Raleigh Growth Corridor
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Bank, Fast Food, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
68
LAND DETAILS
CROSS STREETS
Austin Peay Hwy
LAND ACRES
1.71 AC
LAND SF
74,488 SF
ZONING
CMU-2
APN/PARCEL ID
08-6023-0-0020
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901-481-5045
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901-481-5045
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