5832 Lease LnRaleigh, NC 27617

Property Details for 5832 Lease Ln

Year built

1980

Lot size

1.86 AC

Property size (Sq ft)

14,640 SF

Zone code

IX-3

Property type

Industrial properties

Property subtype

Other warehouses

APN

0778.04-50-7143 0110700

APU

778045071430110700

Description

This exceptional 14,640-square-foot flex space property at 5832 Lease Lane in Raleigh, NC, presents a compelling owner-user investment opportunity. Priced at $2,930,000, this Class B building boasts a strategic location, offering easy access to Highway 70 and the 540 Beltline, a major thoroughfare with over 40,000 vehicles per day. Built in 1985, the two-story structure features three loading docks, two dock-high doors, and impressive 17-foot ceiling heights. The property is currently 100% occupied under a modified lease expiring November 1, 2024, with a base monthly rent of $17,000. Adding to its versatility, the property includes a valuable laydown yard for outdoor storage and a 2,500-square-foot covered shed, enhancing its functionality and appeal. The IX-3 zoning designation further broadens its potential uses. This single-tenant property offers a rare combination of location, functionality, and value, making it an ideal investment for discerning buyers seeking a strong return on investment in a thriving market. The net rentable square footage is 14,640 square feet. The property consists of one building.

• Alternative Use

  Use

  Valuation

  Residential

  $3,808,292

  Hospitality

  $3,488,375

  Educational

  $2,902,287

  Medical

  $3,002,101

  Retail

  $4,514,669

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.8932

Longitude

-78.7443

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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