209 Technology Park LnFuquay-Varina, NC 27526

  • Industrial properties
  • 10,400 SF
For Sale

Property Details for 209 Technology Park Ln

Year built
2001
Construction
METAL FRAME
Lot size
1.84 AC
Property size (Sq ft)
10,400 SF
Zone code
RLI
Property type
Industrial properties
Property subtype
Other warehouses
APN
0658.04-60-9503 0274406
APU
658046095030274406

Description

This exceptional 22,230-square-foot industrial flex building, located at 209 Technology Park Ln, Fuquay-Varina, NC 27526, presents a unique owner-user opportunity. Situated on a 1.84-acre lot in Wake County, this single-story Class B building boasts a desirable blend of warehouse, office, and potential retail space, perfect for diverse uses. Built in 2001 and renovated in 2012, the property features 18-foot ceilings, four loading docks, and one dock-high door, providing ample functionality. The RLI zoning allows for a variety of permitted uses. The building benefits from excellent highway access, serving the greater Triangle area. The current owner will require a short-term leaseback of 3-6 months, providing a smooth transition. This well-maintained property offers significant capital improvements and represents a rare chance to acquire a building below replacement cost in a thriving, low-vacancy industrial market. The property's previous tenant, Aviator Brewing, occupied the space for over a decade, highlighting its adaptability and appeal. The surrounding Technology Park Lane is home to a diverse range of industrial and flex businesses, reflecting the area's robust economic growth. This is an exceptional opportunity to capitalize on the strong demand for industrial space in a rapidly expanding market. The property's combination of warehouse, office, and potential retail space, along with its convenient location and ample loading capabilities, makes it an attractive investment for a wide range of businesses. The building is vacant and ready for occupancy on July 31, 2024.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,062,814
    Hospitality
    $2,805,521
    Educational
    $2,334,160
    Medical
    $2,414,436
    Retail
    $3,630,916
209 Technology Park Ln, Fuquay-Varina, North Carolina

Location Insight

City
Fuquay Varina
County
Wake
State
North Carolina
Latitude
35.6197
Longitude
-78.8085
CBSA code
39580
CBSA name
RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,105
$160,300
$1,198,074
$1,358,374
-
$160,300
$1,198,074
$1,358,374

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