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Raleigh Flex/Warehouse Distribution Center
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Pending

2905 Industrial Drive, Raleigh, NC 27609

Two-property flex/warehouse distribution center in Raleigh's Midtown East.

Property Size54,506 SF
Lot Size2.56 Acres
Days on Market170

Property Features for 2905 Industrial Drive

General Information

Standard status Pending
Size 54,506 SF
Total Parking Spaces 50
Lot size 2.56 Acres
Property subtype Retail, Industrial
Zoning IX-3-PL
Occupancy 100%
Lease Type NNN
Investment Type Value Add

Building Details

Year Built 1971
Buildings 2
Stories 3
Tenancy Single
Listing Agency: York Properties, Inc
Listed By: Malcolm Lewis, CCIM · License #NC 90583
Source: Crexi
Added: Feb 20 Changed: Aug 8 Last Checked: Jul 24 at 6:33AM

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 York Properties, Inc

Investment Insights

Based on property information with market context.

Located in Raleigh’s Midtown East submarket, the property consists of two adjacent buildings situated on approximately 2.56 acres. One building at 705 E Six Forks Rd is a 32,189 square foot retail and warehouse property. The other building at 2905 Industrial Dr is a 22,317 square foot flex/warehouse property. The property serves as a distribution center. The location provides convenient access to major transportation routes and is near retail centers and points of interest such as North Hills and Downtown Raleigh.

Key Highlights

  • Leased to Walker Auto Supply, Inc., owned by Genuine Parts Company (NYSE: GPC).
  • Located in Raleigh’s booming Midtown East submarket.
  • Two adjacent properties totaling ±2.56 acres.

Property Analytics

Current Use

NAPA Auto Parts Auto Parts Store

Suggested Use

Top Pick Grocery & Convenience Store Veterinary Clinic (Bike/Boat/Book/etc) Store Electrical Service Pet Grooming Service Home Appliance Store

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

1,417
Businesses Nearby
Balanced
Demand for This Use

Demographics for 27609, NC

36,218
Population
19,740
Households
1.8
Avg Household Size
38
Median Age
61%
College-Educated
93%
High-School Grad
10.9 sq mi
ZIP Area
3,323
Density / Sq Mi
$81,538
Median Household Income
$53,670
Median Earnings
$1,393
Median Rent
$441,100
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Similar Off Market Nearby

  • Nena’s French Latin Navaho Dr, Raleigh, NC 27609
  • Wegmans Catering 1200 Wake Towne Dr, Raleigh, NC 27609

Frequently Asked Questions

What type of property is this?
Flex space - Two-property flex/warehouse distribution center in Raleigh's Midtown East.
Where is this flex space located?
The property is located at 2905 Industrial Drive Raleigh, NC.
What are key features of this property?
This property features: Leased to Walker Auto Supply, Inc., owned by Genuine Parts Company (NYSE: GPC).; Located in Raleigh’s booming Midtown East submarket.; Two adjacent properties totaling ±2.56 acres.
(919) 821-7177 Call to check price and availability
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