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    1214 Lenoir St Raleigh, NC 27610

    Sponsored
    For Sale
    Contact for pricing

    1200 sq ft Flex Space - Move-In Ready

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1200-square-foot flex space, situated at 1214 E Lenoir in Raleigh, NC, presents a unique opportunity for a discerning business. Located just blocks from downtown Raleigh, this property offers unparalleled convenience and accessibility. The space is currently available for lease and is ideally suited for educational, flexible office, or similar uses. The property includes a fully furnished interior, complete with tables, chairs, a TV monitor, webcam, and desks, significantly reducing the upfront investment and setup time for a new tenant. This turnkey solution allows businesses to focus on operations rather than extensive renovations or furnishing. The building sits on a one-acre lot, providing ample space and potential for future expansion or outdoor activities. The property's "Other" classification suggests a versatile layout adaptable to a variety of business needs. The asking lease price is $3100. This prime location, combined with the ready-to-use interior and convenient downtown proximity, makes this an exceptional opportunity for businesses seeking a functional and well-equipped workspace in the heart of Raleigh. Interested parties are encouraged to submit proposals outlining their intended use of the space.

    Property Features for 1214 Lenoir St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Sufra Middle Eastern ... Restaurant lecount's restaurant Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply 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
    -78.62107
    Latitude
    35.77211

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    FAQs

    What type of property is this?
    Commercial real estate - 1200 sq ft Flex Space - Move-In Ready
    Where is this commercial real estate located?
    The property is located at 1214 Lenoir St Raleigh, NC.
    What is the asking price?
    The asking price for this property is $3,100.
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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
    1214 Lenoir St Raleigh, NC 27610
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