For Sale
$825,000

123 New Rand Rd Garner, NC 27529

High-traffic location, mixed-use potential.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 0.87-acre commercial property, located at 123 New Rand Rd in Garner, NC (zip code 27529), presents a unique investment opportunity. Situated on Hwy 70W, this mixed-use lot is zoned CMX, offering versatility for various commercial ventures, including bank, quick-service restaurant (QSR), or storefront uses. The property boasts a prime location, just a quarter-mile from Wake Medical Satellite Hospital and a half-mile from the White Oak Shopping Center, ensuring high visibility and foot traffic. Its proximity to Garner's Downtown Park adds to its appeal. Currently, the property includes two residential homes under lease, providing immediate rental income until April 30, 2025 (approximately 0.4 years remaining on the leases). This presents a chance to generate income while developing your commercial vision. The asking price is $825,000. Bring your offers and capitalize on this strategic location and income-generating potential. The property is a single tenancy and offers two residential leases as part of the sale.

Highlights

  • 0.87-acre commercial lot at 123 New Rand Rd, Garner, NC 27529.
  • Hwy 70W location, CMX zoning allows for versatile commercial uses (bank, QSR, retail).
  • Prime location: 0.25 miles from Wake Medical Satellite Hospital, 0.5 miles from White Oak Shopping Center.
  • Two residential homes currently leased, generating income until April 30, 2025.
  • Asking price: $825,000.

Property Details for 123 New Rand Rd

Property type
Retail properties, Mixed-use properties
Lot Size (sq. ft)
37,897 SF

Location Insight

City
Garner
County
Wake
State
North Carolina
Latitude
35.7023343
Longitude
-78.6009685

FAQs

What type of property is this?
Retail property - High-traffic location, mixed-use potential.
Where is the retail property located?
The property is located at 123 New Rand Rd Garner, NC.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 0.87-acre commercial lot at 123 New Rand Rd, Garner, NC 27529.; Hwy 70W location, CMX zoning allows for versatile commercial uses (bank, QSR, retail).; Prime location: 0.25 miles from Wake Medical Satellite Hospital, 0.5 miles from White Oak Shopping Center.
How can I contact the broker?
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123 New Rand Rd
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