Vacant Bank Branch | 1839 Capital Blvd
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Vacant Bank Branch 1839 Capital Blvd
2,600 SF Retail Building Raleigh, NC 27604 For Sale
Investment Highlights
- A Top Performing Market Nationally
- Dense & Affluent Surrounding Demographics
- Flexible Zoning: Property is zoned in the IX-3 (Industrial Mixed Use - 3 stories max )
Executive Summary
Dense & Affluent Surrounding Demographics: Site is positioned in a highly populated area with over 100k people in a 3-mile radius | 1 & 3 mile radius average household income exceeds $105K outpacing the national average ($80,610)
- Great Visibility: Positioned on northbound and southbound Capital Blvd maximizing visibility | Ingress and Egress off of Capital Boulevard (34K VPD)
- A Top Performing Market Nationally: Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage) | Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022) | Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News)
- Positioned in a Strong Retail Node: Over 1.2MSF of retail space in a 1-mile radius boasting an vacancy rate of 1.2% | Nearby retailers include: Wegmans, Costco, and various auto repair stores
- Flexible Zoning: Property is zoned in the IX-3 (Industrial Mixed Use - 3 stories max ) zoning provides expansive redevelopment opportunities
- Former Bank Branch W/ Drive Through: Former bank with drive through allows flexibility to re-use the building for different tenant types
- Great Visibility: Positioned on northbound and southbound Capital Blvd maximizing visibility | Ingress and Egress off of Capital Boulevard (34K VPD)
- A Top Performing Market Nationally: Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage) | Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022) | Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News)
- Positioned in a Strong Retail Node: Over 1.2MSF of retail space in a 1-mile radius boasting an vacancy rate of 1.2% | Nearby retailers include: Wegmans, Costco, and various auto repair stores
- Flexible Zoning: Property is zoned in the IX-3 (Industrial Mixed Use - 3 stories max ) zoning provides expansive redevelopment opportunities
- Former Bank Branch W/ Drive Through: Former bank with drive through allows flexibility to re-use the building for different tenant types
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,600 SF
Building Class
C
Year Built
1961
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.64 AC
Zoning
IND-2 - Industrial
Parking
21 Spaces (8.08 Spaces per 1,000 SF Leased)
Frontage
32 FT on Capital Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 1714.06-38-3290-000 | Improvements Assessment | $681,772 |
| Land Assessment | $752,706 | Total Assessment | $1,434,478 |
PROPERTY TAXES
Parcel Number
1714.06-38-3290-000
Land Assessment
$752,706
Improvements Assessment
$681,772
Total Assessment
$1,434,478
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Vacant Bank Branch | 1839 Capital Blvd
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