Special-Purpose School
4900 Waters Edge Dr Raleigh, NC 27606
4900 Waters Edge Dr, Raleigh, NC, 27606
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For Sale
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Two-story school facility on a 1.58-acre site with direct second-level parking access and multiple parking spaces.
Property Size22,072 SF
Lot Size1.58 Acres
Price / SF$180
Days on Market178
Property Features for 4900 Waters Edge Dr
General Information
- Standard status
- Active
- Size
- 22,072 SF
- Lot size
- 1.58 Acres
- Property subtype
- Office, Special Purpose
Building Details
- Year Built
- 1976
Listing agency
Universal Realty LLC
Listed by
Angnes Lam · License #198921
Source
Crexi
Added: Jan 26 Updated: Jul 22 at 8:55PM Checked: Jul 22 at 8:55PM
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 Universal Realty LLC
Investment Insights
Based on property information with market context.
4900 Waters Edge Drive is a two-story, special-purpose building totaling 22,072 square feet, situated on a 1.58-acre site. The property includes a two-tiered parking lot with access direct to the second level and approximately 80 spaces. The building can function as a single-tenant facility or be arranged as a two-tenant building.
The property is fully leased to a private educational institution specializing in services for children diagnosed with autism and other developmental disabilities. The current lease term runs through December 31, 2029, with annual 3% rent escalations and two additional five-year renewal options. The property is tenant-occupied; all inquiries, communications, and property tours must be scheduled exclusively through the Listing Agent and conducted in the Listing Agent’s presence.
Recent renovations include interior upgrades and the installation of a new HVAC chiller system in 2019 at an approximate cost of $115,000. The property is listed under OX-3 zoning as an investment with long-term income characteristics and future infill development potential described in the remarks.
The property is fully leased to a private educational institution specializing in services for children diagnosed with autism and other developmental disabilities. The current lease term runs through December 31, 2029, with annual 3% rent escalations and two additional five-year renewal options. The property is tenant-occupied; all inquiries, communications, and property tours must be scheduled exclusively through the Listing Agent and conducted in the Listing Agent’s presence.
Recent renovations include interior upgrades and the installation of a new HVAC chiller system in 2019 at an approximate cost of $115,000. The property is listed under OX-3 zoning as an investment with long-term income characteristics and future infill development potential described in the remarks.
Key Highlights
- Two‑story school facility built in 1976, totaling 22,072 SF, on a 1.58‑acre site
- Two‑tier parking lot with direct access to the second level and approximately 80 parking spaces
- Fully leased to a private educational institution serving children diagnosed with autism and other developmental disabilities
Property Analytics
Location Intelligence
Current Use by Public Records
Learn with the Best
High School
Gateway Christian Fellowship
Church
EDR Engineering
Civil Engineer
Mariah Mauney
Physician
NC Division Of Rehabilitation
Rehabilitation Center
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FAQs
What type of property is this?
School - Two-story school facility on a 1.58-acre site with direct second-level parking access and multiple parking spaces.
Where is this school located?
The property is located at 4900 Waters Edge Dr Raleigh, NC.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Two‑story school facility built in 1976, totaling 22,072 SF, on a 1.58‑acre site; Two‑tier parking lot with direct access to the second level and approximately 80 parking spaces; Fully leased to a private educational institution serving children diagnosed with autism and other developmental disabilities
