817 New Bern Ave - Office FOR SALE


Raleigh, NC 27601- South Central
$1,695,000 USD
908-255-9698
817 New Bern Ave, Raleigh, NC for Sale
$1,695,000 USD
Office - FOR SALE
1/12
null | 9.14% Cap Rate

NEW


817 New Bern Ave
Raleigh, NC 27601
South Central


HIGHLIGHTS

  • Prime Location: Located within minutes of Downtown Raleigh.
  • Property Improvements
  • Roof, HVAC & Utilities: Metal roof installed in 2010, 8 HVAC units (1 per suite), each suite individually metered for electric
  • Rent Increase Potential: All leases end within 12 months, providing a prime opportunity to mark rates to market

OVERVIEW

817 New Bern Ave presents a prime investment opportunity in Raleigh’s thriving commercial market. This 7,211 SF office building sits just minutes from downtown, offering strong tenant demand and long-term growth potential. With ample on-site parking, the property provides a rare combination of accessibility and convenience in an area poised for continued appreciation. The property is currently configured as eight office suites and 10 storage units, and is fully leased. All leases turn at the end of 2025, providing an excellent opportunity to re-tenant at market rate. Located in one of the fastest-growing metros in the Southeast, 817 New Bern Ave benefits from Raleigh’s booming economy and increasing demand for well-located office assets. This is an excellent opportunity for investors seeking stable cash flow with upside potential.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$235 USD /SF

CAP RATE

9.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

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

Nicholas MelfiCityPlatMore Info
908-255-9698

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Nicholas MelfiCityPlatMore Info
908-255-9698

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