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Former CrabTree Tavern 5300 Homewood Banks Dr 7,714 SF Retail Building Raleigh, NC 27612 $2,897,000 ($375.55/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Walking distance to multifamily and hotels
- Located near Crabtree Valley Mall with over 10.4M annual visitors
- Easy access to Glenwood Ave, I-440, and Creedmoor Rd
EXECUTIVE SUMMARY
Rare opportunity to own an investment property adjacent to a new mixed-use development! San Marcos Mexican Restaurant is located on 1.54 acres just behind Crabtree Valley Mall. Walking distance to several multi-family developments and hotels, 5300 Homewood offers convenient access to major thoroughfares Glenwood Avenue, I-440, and Creedmoor Road.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,714 SF
Building Class
C
Year Built
1998
Price
$2,897,000
Price Per SF
$375.55
Cap Rate
6.65%
NOI
$192,651
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.41 AC
Zoning
CX-7 - Commercial
Parking
83 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
63’ on Crabtree Valley Ave
AMENITIES
- Bus Line
- Pylon Sign
- Security System
- Signage
- Automatic Blinds
- Storage Space
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- San Marco Mexican Restaurant
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| San Marco Mexican Restaurant | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0795.06-49-9713-000 | Improvements Assessment | $917,759 |
| Land Assessment | $1,609,968 | Total Assessment | $2,527,727 |
PROPERTY TAXES
Parcel Number
0795.06-49-9713-000
Land Assessment
$1,609,968
Improvements Assessment
$917,759
Total Assessment
$2,527,727
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Former CrabTree Tavern | 5300 Homewood Banks Dr
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