Building Details

Units 11

Listing Agency: TradeMark Properties s***@trademarkproperties.com

Listed By: Sandra Simpson · License #NC 285016

Source: Crexi

Added: Sep 1, 2023 Changed: Aug 17 Last Checked: Aug 20 at 5:21AM

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Investment Insights

Based on property information with market context.

This approximate 0.68-acre property represents one of the last development opportunities remaining in downtown Raleigh. It is adjacent to Glenwood South, an area where food and beverage tax collections generated over $124 million. The property is situated directly opposite Bloc83, a mixed-use, multi-tower development that has transformed the Glenwood South area by introducing a fusion of residential, commercial, and entertainment spaces.

Property Analytics

Property Profile

Current Use

Char Grill Restaurant O K L ... Cafe & Coffee Shop

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Restaurant Mobile Phone Store Locksmith Nursing Home

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

4,704

Businesses Nearby

Explore this area Business Placement

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

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Frequently Asked Questions

What type of property is this?

Commercial land - Last development opportunity in downtown Raleigh near Glenwood South.

Where is this commercial land located?

The property is located at 618 Hillsborough St Raleigh, NC.