8820 Six Forks RdRaleigh, NC 27615

Property Details for 8820 Six Forks Rd

Year built

1986

Construction

BRICK

Lot size

0.01 AC

Property size (Sq ft)

5,472 SF

Zone code

NX-3

Property type

Retail properties

Property subtype

Banks

APN

1708.14-32-2779 0209889

APU

1708143227790209889

Description

This exceptional 5,517-square-foot freestanding retail building presents a unique opportunity for businesses seeking a prominent location in Raleigh, North Carolina. Situated on a 1.05-acre lot at 8820 Six Forks Rd, this single-tenant property boasts unparalleled visibility and accessibility. The entire building is currently vacant, offering a blank canvas for a discerning tenant to customize the space to their exact specifications. The property's location in Wake County, with a zip code of 27615, places it within a thriving commercial corridor, ensuring high traffic volume and excellent exposure to potential customers. The building's size and layout provide ample space for a variety of retail uses, making it an ideal choice for businesses seeking to establish a strong presence in the Raleigh market. The property is available for lease and offers a rare chance to secure a prime retail location in a highly desirable area. Its single-tenant occupancy ensures complete control and flexibility for the lessee. Interested parties are encouraged to inquire for further details and to schedule a viewing of this exceptional property. The property's address is easily accessible and well-suited for both customer traffic and efficient logistics. This is a remarkable opportunity to secure a significant retail presence in a rapidly growing area of Raleigh.

• CAP approach

  CAP return

  Valuation

  6%

  $1,949,778

  6.5%

  $1,799,796

  7%

  $1,671,239

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,650,362

  Geo Method

  $3,165,228

• Alternative Use

  Use

  Valuation

  Residential

  $1,518,195

  Hospitality

  $1,390,658

  Educational

  $1,157,012

  Medical

  $1,196,803

  Retail

  $1,799,796

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.9004

Longitude

-78.6514

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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