919-608-3542
500 E Gannon Ave, Zebulon, NC for Sale
Manufacturing - FOR SALE
1/23
null | Request Cap Rate

500 E Gannon Ave
Zebulon, NC 27597


OVERVIEW

This is a rare opportunity to acquire a fully leased 66,148 SF Heavy Industrial building with exceptional upside potential. Strategically located in close proximity to Raleigh, Durham, and Chapel Hill, this property offers access to three of North Carolina’s most dynamic economic hubs, making it highly attractive for both tenants and investors. Key Investment Highlights: Fully Leased Asset: Immediate income with a stable tenant base occupying the entire 66,148 square feet. Value-Add Opportunity: Additional land on-site offers the potential for expanded square footage, allowing investors to scale the asset and maximize returns. Below Market Leases: Current lease rates are under market value, presenting an opportunity to significantly increase NOI through lease renewals or turnover. Prime Location: Just minutes from Raleigh, Durham, and Chapel Hill – areas known for their strong employment growth, educational institutions, and vibrant tech and healthcare sectors.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

14.5 Ft

DOCKS

5

DRIVE INS

1

PARKING SPACES

165

LAND DETAILS

LAND ACRES

8.4

LAND SF

365,904

ZONING

HI (Heavy Industrial)

APN/PARCEL ID

2705.11-56-7290-000

ASK ABOUT THIS PROPERTY

Andrew SurianoCoremark PropertiesMore Info
919-608-3542

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Andrew SurianoCoremark PropertiesMore Info
919-608-3542

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