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    817 New Bern Ave Raleigh, NC 27601

    For Sale
    Contact for pricing

    Rare Find! 8 Units, Ample Parking

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional office building, located at 817 New Bern Avenue in Raleigh, NC, presents a unique investment opportunity. Situated just blocks from downtown Raleigh, this property boasts a highly desirable location with the added benefit of ample on-site parking—a rare commodity in this area. The building itself comprises eight individual office units, four of which are currently leased, leaving four immediately available for occupancy. The building sits on a 0.37-acre lot. A significant advantage is the substantial storage space available. Located on the first floor facing Edenton Street, this area includes twelve individual storage units, providing ample room for tenants' needs. High-speed internet is included in the lease, featuring AT&T fiber optic service with 1000 Mbps upload and download speeds. This ensures tenants have access to reliable and fast internet connectivity, crucial for modern business operations. The asking price for this exceptional property is $2,000,000. Given its prime location, abundant parking, extensive storage, and high-speed internet access, this office building represents a compelling investment opportunity for discerning buyers seeking a strong return in the thriving Raleigh market. The combination of leased and available units offers immediate income potential and the opportunity for future growth. Don't miss this chance to acquire a truly unique and well-positioned commercial property.

    Property Features for 817 New Bern Ave

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    16,117 SF

    Building Details

    Year Built
    1984
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Raleigh Signs, Inc. Sign Shop Selections Rentals,LLC Party Equipment Rental Service A New Start Support ... Social Services Organization ALTA COMMUNITY ACTION ... Association / Organization R&R Leatherworks Leather Goods Manufacturer

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Law Firm Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.62604
    Latitude
    35.78035

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    FAQs

    What type of property is this?
    Office Property / Space - Rare Find! 8 Units, Ample Parking
    Where is this office property / space located?
    The property is located at 817 New Bern Ave Raleigh, NC.
    What is the asking price?
    The asking price for this property is $2,000.
    (919) 832-1572
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    817 New Bern Ave Raleigh, NC 27601
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    Raleigh, NC 27601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    817 New Bern Ave Raleigh, NC 27601
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