2.70 Acres

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2.70 Acres

Raleigh, NC 27612
Asking Price
$6.00M
Asset Type
Retail
Class
Class B

What's Special

Located on 2.70 acres in a primary growth corridor of Raleigh, North Carolina, this site offers significant frontage along a high-traffic thoroughfare. The surrounding neighborhood is characterized by a mix of established residential communities and expanding commercial hubs. The property is situated within five miles of major regional shopping centers and diverse dining options. Access to the site is supported by proximity to the I-440 beltline and several primary arterial roads, facilitating logistics and regional connectivity. The property is suited for large-scale retail development, such as a multi-tenant shopping plaza or a standalone big-box facility. Its size allows for generous surface parking and integrated loading zones required by high-volume retailers. Typical tenant profiles include national grocery chains, home improvement stores, or automotive service centers seeking visibility in a dense suburban market. The flat topography and existing utility access support various site configurations for commercial enterprise.

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NOI
$80,000
Cap Rate
1.33%
DSCR
0.22
Underwater
Cash-on-Cash
-15.35%
Monthly Payment
$29,684.726
Annual Cash Flow
$-276,216.715

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