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Meineke Automotive Service Property
For Sale
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2642 S Saunders St, Raleigh, NC 27603

Fully leased automotive facility with an existing tenant in place.

Property SizeContact for details
Days on Market143

Property Features for 2642 S Saunders St

General Information

Standard status Active
Property subtype Industrial, Office, Retail
Listing Agency: Dustin Bennett Real Estate
Listed By: Dustin Bennett · License #284001
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 3:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dustin Bennett Real Estate

Investment Insights

Based on property information with market context.

The property is an automotive service facility identified as Meineke Auto Care, comprising a 4,056-square-foot building on a 0.59-acre parcel. The building is fully leased, with tenants currently in place, offering an established operating occupancy profile for a buyer evaluating an automotive asset.

Located at 2642 S Saunders St. in Raleigh, the property sits within the Downtown South District and has a stated strategic position relative to I-40. It is also less than one mile from Kane Realty’s project, which includes residential, office, retail, warehouse, and entertainment components. The site combines an existing automotive use with a leased building and a Raleigh location near a large-scale mixed-use development.

Key Highlights

  • 4,056‑square‑foot automotive service building
  • Fully leased with tenants in place
  • Situated on a 0.59‑acre parcel

Property Analytics

Current Use

Meineke Car Care ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Pharmacy Skin Care Clinic Parking Lot & Garage 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

372
Businesses Nearby
Well-served
Demand for This Use

Demographics for 27603, NC

54,616
Population
24,030
Households
2.3
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
51.4 sq mi
ZIP Area
1,063
Density / Sq Mi
$87,939
Median Household Income
$51,856
Median Earnings
$1,496
Median Rent
$347,000
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Similar Off Market Nearby

  • Greenlight Auto Care LLC 316 Rush St suite 101, Raleigh, NC 27610
  • Gower's Brake & Alignment 2720 S Saunders St, Raleigh, NC 27603
  • GUZMAN TIRES Raleigh, NC 27603, United States
  • Auto Body 911 2734 S Wilmington St, Raleigh, NC 27603
  • Raleigh Capital Auto Inspections LLC 131 Ileagnes Rd, Raleigh, NC 27603

Frequently Asked Questions

What type of property is this?
Auto shop - Fully leased automotive facility with an existing tenant in place.
Where is this auto shop located?
The property is located at 2642 S Saunders St Raleigh, NC.
What are key features of this property?
This property features: 4,056‑square‑foot automotive service building; Fully leased with tenants in place; Situated on a 0.59‑acre parcel
(919) 601-0553 Call to check price and availability
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