2 Dixie TrlRaleigh, NC 27607

Property Details for 2 Dixie Trl

Year built

1960

Construction

CONCRETE BLOCKS

Lot size

0.10 AC

Property size (Sq ft)

1,721 SF

Zone code

NX-3

Property type

Retail properties

Property subtype

Retail space

APN

0794.15-62-1594 0000259

APU

794156215940000259

Description

This exceptional 1,961 square foot commercial property is located at 2 Dixie Trail, Raleigh, NC, on a 0.1-acre lot. Its prime location at the intersection of Hillsborough Street and Dixie Trail offers unparalleled visibility and accessibility in a thriving area. The building boasts ample on-site parking, a significant advantage in this high-demand location. Its proximity to NC State University ensures a consistent flow of pedestrian and vehicular traffic, creating a strong foundation for a variety of commercial uses. The surrounding area is bustling with popular restaurants, shops, and other successful businesses, providing a vibrant and supportive commercial environment. This property is ideal for retail, office, or mixed-use ventures seeking a high-traffic location with excellent visibility and ample parking. The asking price is $850,000. This presents a unique investment opportunity in a rapidly growing area of Raleigh, offering significant potential for return on investment. The property's size, layout, and location combine to create an exceptional foundation for any business looking to establish or expand in this desirable area. This is a rare chance to acquire a well-situated commercial property with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $613,225

  6.5%

  $566,054

  7%

  $525,622

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,148,076

  Geo Method

  $995,497

• Alternative Use

  Use

  Valuation

  Residential

  $477,488

  Hospitality

  $437,376

  Educational

  $363,892

  Medical

  $376,407

  Retail

  $566,054

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.7898

Longitude

-78.6756

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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