4531 New Bern AveRaleigh, NC 27610

Property Details for 4531 New Bern Ave

Year built

2004

Construction

BRICK

Lot size

0.97 AC

Property size (Sq ft)

11,200 SF

Zone code

CX-3

Property type

Retail properties

Property subtype

Retail space

APN

1734.09-05-8962 0310552

APU

1734090589620310552

Description

New Bern Plaza offers an exceptional retail leasing opportunity. This prominent endcap space totals 4,000 square feet and is situated within a thriving retail center. The property's strategic location benefits from its proximity to a Super Walmart, ensuring high visibility and significant foot traffic. The space is ideal for a variety of retail businesses seeking a strong presence in a busy commercial area. The property is classified as both retail and office space, offering flexibility for potential tenants. The multiple tenancy structure of the center provides a diverse and vibrant shopping environment, attracting a wide range of customers. Located in Wake County, this property presents a compelling investment opportunity for businesses looking to establish or expand their operations in a high-traffic, well-established retail hub. The available space is an endcap unit, offering excellent visibility and accessibility for customers. This presents a unique chance to capitalize on the established customer base drawn to the center's anchor tenant and the overall vibrancy of the location. Serious inquiries are encouraged to explore this exceptional retail space and its potential for growth and success. The property's commercial classification allows for a broad range of business types to consider this space. Further details regarding lease terms and conditions are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $3,990,775

  6.5%

  $3,683,792

  7%

  $3,420,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,471,500

  Geo Method

  $6,478,537

• Alternative Use

  Use

  Valuation

  Residential

  $3,107,416

  Hospitality

  $2,846,377

  Educational

  $2,368,152

  Medical

  $2,449,596

  Retail

  $3,683,792

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.7987

Longitude

-78.5587

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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