123 New Rand RdGarner, NC 27529
- Retail properties
- 0.87 AC
Property Details for 123 New Rand Rd
- Lot size
- 0.87 AC
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
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.
Location Insight
- City
- Garner
- County
- Wake
- State
- North Carolina
- Latitude
- 35.7023
- Longitude
- -78.601
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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