1500 Garner RdRaleigh, NC 27610
- Industrial properties
- 41,738 SF
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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