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Browse More Listings in Retail For Sale, Raleigh, NC or North Carolina

Retail Property For Sale

2821 Spring Forest Rd.

2821 Spring Forest Rd., Raleigh, NC 27616

Price:
$1,583,862
Building Size:
13,800 SF
Price/SF:
$114.77
Property Type:
Retail
Property Sub-type:
Street Retail
Property Use Type:
Net Lease Investment with 5 years left on lease
Cap Rate:
8.75%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1996
Find Out More...

Last Verified 11/17/2009 Listing ID 16429621

Highlights

Real Estate ID: 0105259
Zoned Industrial 1

1.12 Acres

Description

This multi-tenant retail building has excellent visibility from Spring Forest Rd. Tenants include Black Belt World and Papertown, two established business with over 10+ years of history at this location. This investment property is being offered at a price below its replacement value, paired with an income stream, making it an unbeatable value.

Located less than ½ mile from Capital Blvd/US-1.

Financial Summary

Actual
Net Operating Income
$138,587.91

Map of 2821 Spring Forest Rd., Raleigh, NC 27616 (Wake County)

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Contact Listing Broker

Jake Plotkin (919) 832-0594 Ext: 167

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Created 10/13/2009

Additional Information for 2821 Spring Forest Road, Raleigh, NC 27616

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 2821 Spring Forest Rd., Raleigh, NC 27616

Nearby Retail properties for saleSearch all commercial real estate for sale

4708 Hargrove Road
$949,000
7,076 SF
2817 Spring Forest Road
$890,000
5,600 SF
5610 Atlantic Avenue
$875,000
8,504 SF

Nearby Retail properties for leaseSearch all commercial real estate for lease

5301 Capital Boulevard
$8.00 - $10.00/SF/Year
1,620 - 11,160 SF
CAPITAL CROSSING
$0/SF/Year
Fully Leased
Hargrove
$10.49 - $11.47/SF/Year
1,250 - 2,310 SF
5450 Old Wake Forest Road
$6.95/SF/Year
6,000 SF
5100 Lacy Avenue
$12.00/SF/Year
2,800 - 7,200 SF

Nearby Recently Sold Retail propertiesSearch all recently sold commercial real estate

Restaurant
Sold 2Q 2005
Free Standing Bldg
Sold 1Q 2005
Anchor
Sold 2Q 2004
Free Standing Bldg
Sold 1Q 2009
Restaurant
Sold 1Q 2004

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale -

2821 Spring Forest Rd., Raleigh, NC, 27616