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701 E Six Forks Rd 22,096 SF Industrial Building Raleigh, NC 27609 $6,250,000 ($282.86/SF)
INVESTMENT HIGHLIGHTS
- Exceptional redevelopment potential
- Positioned in a high-visibility commercial corridor
- 2.57-acre property sits within a designated City Growth Center and the city’s Frequent Transit Overlay
EXECUTIVE SUMMARY
As one of the most strategically located redevelopment opportunities in Raleigh, this 2.57-acre property sits within a designated City Growth Center and the city’s Frequent Transit Overlay. Positioned in a high-visibility commercial corridor, this rare offering presents a unique chance for transformation in a thriving submarket supported by ongoing urban investment and infrastructure enhancements.
Located within the same block as high-traffic retail and service anchors—including Wegmans, Trader Joe’s, Chick-fil-A, Costco, and UNC Urgent Care—this site benefits from one of the most active commercial clusters in the city.
Just minutes from Duke Raleigh Hospital, Atlantic Avenue, Capital Boulevard, and North Hills Mall, and with easy access to I-40, Downtown Raleigh, and RDU International Airport, this corridor continues to attract significant investment.The site’s proximity to key destinations and established traffic generators makes it well- positioned for both near-term development and long-term value creation.
Located within the same block as high-traffic retail and service anchors—including Wegmans, Trader Joe’s, Chick-fil-A, Costco, and UNC Urgent Care—this site benefits from one of the most active commercial clusters in the city.
Just minutes from Duke Raleigh Hospital, Atlantic Avenue, Capital Boulevard, and North Hills Mall, and with easy access to I-40, Downtown Raleigh, and RDU International Airport, this corridor continues to attract significant investment.The site’s proximity to key destinations and established traffic generators makes it well- positioned for both near-term development and long-term value creation.
PROPERTY FACTS Under Contract
| Price | $6,250,000 | Rentable Building Area | 22,096 SF |
| Price Per SF | $282.86 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1963 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 3.39/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 12 |
| Lot Size | 2.57 AC | No. Drive In / Grade-Level Doors | 6 |
| Zoning | IX 3 - Zoned IX-3: Industrial Mixed Use, 3 stories max | ||
| Price | $6,250,000 |
| Price Per SF | $282.86 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.57 AC |
| Rentable Building Area | 22,096 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Tenancy | Single |
| Parking Ratio | 3.39/1,000 SF |
| No. Dock-High Doors/Loading | 12 |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | IX 3 - Zoned IX-3: Industrial Mixed Use, 3 stories max |
AMENITIES
- Bus Line
- Fenced Lot
- Signage
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PROPERTY TAXES
| Parcel Number | 1715.13-23-4326-000 | Improvements Assessment | $510,607 |
| Land Assessment | $2,686,776 | Total Assessment | $3,197,383 |
PROPERTY TAXES
Parcel Number
1715.13-23-4326-000
Land Assessment
$2,686,776
Improvements Assessment
$510,607
Total Assessment
$3,197,383
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701 E Six Forks Rd
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