Highly desirable Raleigh Location. 4900 Waters Edge Drive presents a rare opportunity to acquire a stabilized, special-purpose investment with long-term income and future infill development potential under OX-3 zoning. The property is ideally suited for investors seeking secure cash flow in a supply-constrained area with strong demographic and institutional demand. The two-story building totals 22,072 square feet and sits on a generous 1.58-acre site, offering a two-tiered parking lot and access direct to the second level with approximately 80 spaces. The property can readily function as single-tenant building or a two tenant buildings. Recent renovation including interior upgrades and the installation of a new HVAC chiller system at a cost of approximately $115,000 (2019) enhancing both efficiency and long-term operability. The building is fully leased to a well-established private educational institution specializing in services for children diagnosed with autism and other developmental disabilities, providing a mission-driven tenancy and stable occupancy. The current lease term runs through December 31, 2029, with annual 3% rent escalations, plus two additional five-year renewal options, offering strong long-term income visibility. Property is tenant-occupied. Do not contact tenant(s). All inquiries, communications, and property tours must be scheduled exclusively through the Listing Agent and conducted in the Listing Agent’s presence.