3514 Capital Blvd | Raleigh, NC 27604
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3514 Capital Blvd
Raleigh, NC 27604
3514 Capital Blvd · Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Building Size
13,000 SF
Building Class
B
Year Built
1990
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
3.02 AC
Zoning
IND-1
ABOUT 3514 CAPITAL BLVD , RALEIGH, NC 27604
Building only, land lease in place. The property is currently leased to an internet sweepstakes company, the lease term is from 2/1/19 - 2/28/24. The property is also on a ground lease with the term ending in 2039. The current ground lease payment is $5309.51 per month and current rental income is $13,000 per month with both increasing this spring/summer. The annual condo association dues average between $15,000 - $20,000 per year and property taxes for 2018 were $5,879.45.
PROPERTY TAXES
| Parcel Number | 1725.10-36-1393-000 | Improvements Assessment | $2,520,887 |
| Land Assessment | $597,868 | Total Assessment | $3,118,755 |
PROPERTY TAXES
Parcel Number
1725.10-36-1393-000
Land Assessment
$597,868
Improvements Assessment
$2,520,887
Total Assessment
$3,118,755
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