1500 Garner RdRaleigh, NC 27610

Property Details for 1500 Garner Rd

Year built

1956

Construction

BRICK

Lot size

2.38 AC

Property size (Sq ft)

41,738 SF

Zone code

IX-3

Property type

Industrial properties

Property subtype

Other warehouses

APN

1703.20-92-0045 0045538

APU

1703209200450045538

Description

This exceptional 43,000 square foot medical office building, situated on 2.39 acres at 1500 Garner Rd, Raleigh, NC 27610 (Saints Ave @ Garner Rd), presents a unique investment opportunity. Built in 1990 and renovated in 2018, this Class C, two-story building boasts 9,500 square feet of vacant space within a single-tenant occupancy structure. The property features an 8-foot ceiling height, 208-volt 3-phase power, and a single handicap-accessible elevator. Its IX-3 zoning designation and location in the Downtown Raleigh South submarket, specifically the Garner Road cluster, offer significant advantages. The building enjoys a premium, high-profile location directly facing Garner Road, benefiting from exceptional visibility in a rapidly developing area. Surrounding development includes numerous new mid-rise rezonings and constructions, along with over 800 new high-end apartments within a short distance. The building's original design catered to medical practices, with the upper floor ideally suited for medical billing. This property offers a compelling combination of established infrastructure and significant growth potential within a thriving Raleigh neighborhood.

• Alternative Use

  Use

  Valuation

  Residential

  $11,580,121

  Hospitality

  $10,607,328

  Educational

  $8,825,172

  Medical

  $9,128,684

  Retail

  $13,728,046

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.7608

Longitude

-78.6324

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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