817 New Bern Ave - Office FOR SALE


Raleigh, NC 27601- South Central
$1,850,000 USD
917-566-5944
817 New Bern Ave, Raleigh, NC for Sale
$1,850,000 USD
Office - FOR SALE
1/12
null | 7.38% Cap Rate

817 New Bern Ave
Raleigh, NC 27601
South Central


HIGHLIGHTS

  • Located within minutes of Downtown Raleigh.

OVERVIEW

Re-paved and re-striped parking lot, new interior/exterior lighting and paint, facade improvements, new interior flooring, new landscaping. Metal roof installed in 2010, 8 HVAC units (1 per suite), each suite individually metered for electric. All leases end in 2025, providing a prime opportunity to mark rates to market.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$257 USD /SF

CAP RATE

7.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

OX-3

APN/PARCEL ID

1713.05-09-9146-000

ASK ABOUT THIS PROPERTY

Vincenzo VerdinoCityPlatMore Info
917-566-5944

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Vincenzo VerdinoCityPlatMore Info
917-566-5944

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