Listing Agency: Peebles Commercial Realty

Listed By: Mike Peebles · License #NC 77879

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 4:01AM

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Investment Insights

Based on property information with market context.

The offering includes a mixed retail and office commercial building presented for sale, totaling 32,170 SF. The property is marketed as retail space with a total building size of 32,170 SF.

The building is located at 2424 Wake Forest Road in Raleigh, NC 27608.

For buyers and brokers, this asset can be reviewed as a consolidated commercial property with both retail and office space categories included in the listing materials.

Key Highlights

• Retail building for sale totaling 32,170 SF
• Address: 2424 Wake Forest Road

Property Analytics

Property Profile

Current Use

Subway Take-out & Catering

Suggested Use

Top Pick Grocery & Convenience Store Electrical Service Storage Facility Veterinary Clinic (Bike/Boat/Book/etc) Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,121

Businesses Nearby

Explore this area Business Placement

Demographics for 27608, NC

12,018

Population

5,589

Households

2.2

Avg Household Size

40

Median Age

82%

College-Educated

98%

High-School Grad

3.5 sq mi

ZIP Area

3,434

Density / Sq Mi

$155,433

Median Household Income

$89,190

Median Earnings

$1,487

Median Rent

$911,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - For sale retail building totaling 32,170 SF at 2424 Wake Forest Road.

Where is this retail space located?

The property is located at 2424 Wake Forest Road Raleigh, NC.

What are key features of this property?

This property features: Retail building for sale totaling 32,170 SF; Address: 2424 Wake Forest Road