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2200 E Garner Rd
Raleigh, NC 27610
Asking Price
$2.09M
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 15.5 acres <ul><li>±15.5 acres total across three parcels</li><li>Zoned R2 (Town of Garner)</li><li>Future Land Use is Mixed Use Center</li><li>Sewer on site</li><li>Water nearby</li><li>1/4 mile to US 70 and less than 2 miles to I-40, White Oak Crossing, and the future 540</li><li>Ideal commercial and flex/industrial uses</li><li>Southern property boundary adjacent to the NCRR corridor operated by Norfolk Southern</li><li>Wake County PINs 1730376174, 1730464914, 1730367917</li><li>Sale Price: $2
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NOI
$80,000
Cap Rate
3.82%
DSCR
0.64
Underwater
Cash-on-Cash
-7.05%
Monthly Payment
$10,352.548
Annual Cash Flow
$-44,230.58
