951 Wendell Blvd - Manufacturing FOR SALE


Wendell, NC 27591
$20,000,000 USD
984-789-4831
951 Wendell Blvd, Wendell, NC for Sale
$20,000,000 USD
Manufacturing - FOR SALE
1/28
null | Request Cap Rate

951 Wendell Blvd
Wendell, NC 27591


HIGHLIGHTS

  • Dynamic 106,000-SF industrial facility with ±32,000 SF in auxiliary buildings on 48 acres in the Raleigh MSA.
  • Rare heavy industrial zoning is ideal for developers seeking scarce entitlement and redevelopment opportunities.
  • Tilt-up concrete redevelopment potential with 24'–30’ ceilings on a flat site if the current structure is not suitable.
  • Varying ceiling heights from 12'–15’ (up to 17’ if drop ceiling is removed), functional shared amenities throughout.
  • Easy access to I-87, I-540, and Raleigh-Durham International Airport supports logistics and workforce reach.
  • Owner-occupied 35,000 SF with a 3-year lease post-sale, plus rental income from a 12,784-SF tenant.

OVERVIEW

Located at 951 Wendell Boulevard, this 48-acre industrial site presents a rare opportunity for investors and developers in the high-demand Raleigh MSA. The property features a 106,000-square-foot primary facility along with ±32,000 square feet of auxiliary structures not included in the primary square footage. Zoned for heavy industrial use—a rare and valuable entitlement—this site is ideal for users or developers seeking space for conditioned manufacturing, R&D, or high-bay distribution. Currently improved with a flexible industrial layout, the building offers two dock-high doors, 12 to 15-foot ceiling heights (with areas up to 17 feet if drop-down ceilings are removed), and well-maintained shared common areas, including outdoor gathering and break spaces. For those considering new construction, the expansive lot size and topography allow for potential tilt-up concrete redevelopment with 24- to 30-foot clear heights, providing modern functionality while maximizing site utility. Strategically located near Interstate 87, with proximity to Interstate 540 and Raleigh-Durham International Airport, the property is positioned for smooth logistics, workforce accessibility, and regional reach. The current owner occupies 35,000 square feet and will sign a 3-year lease upon sale, offering immediate income and operational continuity. An additional 12,784 square feet is leased, delivering cash flow from day one. Investors will appreciate the site's versatility, redevelopment upside, and long-term strategic value in a market with limited heavy industrial availability.

FOR SALE DETAILS

PRICE

$20,000,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

3

DRIVE INS

1

PARKING SPACES

462

LAND DETAILS

LAND ACRES

48.44

LAND SF

2,110,046

ZONING

MI

APN/PARCEL ID

1774.01-38-9363-000

ASK ABOUT THIS PROPERTY

Paulina BohorquezElite Commercial GroupMore Info
984-789-4831

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Paulina BohorquezElite Commercial GroupMore Info
984-789-4831

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