This exceptional 8.52-acre property, located at 7601 Glenwood Ave in Raleigh, NC, presents a unique redevelopment opportunity. Situated on a corner lot with a median break, it boasts high visibility and accessibility, benefiting from its location halfway between I-440 and I-540 within Raleigh's Western Wake automotive row. The site includes two existing buildings totaling 20,156 square feet: an 18,200 square-foot showroom/service center and a drive-thru car wash and detail shop. Built in 1998 and renovated in 2007, the property features a Class B designation, 18-foot ceilings, and ample parking for approximately 531 vehicles, strategically designed for inventory, customers, and service operations. The property's CX-3-PK zoning allows for diverse development options. Its proximity to downtown Raleigh (15 minutes), Raleigh-Durham International Airport (15 minutes), and downtown Durham (20 minutes) further enhances its appeal. The location benefits from Wake County's strong demographics and North Carolina's robust population growth. This is a prime opportunity to capitalize on a thriving market and a highly visible location. The property offers significant potential for various uses, including hospitality, mixed-use, multifamily, retail, and self-storage, making it an attractive investment for developers seeking a high-impact project in a rapidly growing area.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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