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    1600 Center St Apex, NC 27502

    Sponsored
    For Sale
    Contact for pricing

    Three parcels, flexible space, ideal for investors.

    Property size:
    18,256 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity encompasses three parcels totaling up to 9.82 acres on Center Street in Apex, North Carolina, conveniently located near the US 1 Highway and Ten-Ten Road interchange. The property boasts a high-traffic location, with over 21,000 vehicles traversing Center Street daily. The site currently features two existing buildings, suitable for flex or traditional office use, offering a combined 40,100 square feet of space. Building 1 comprises 21,844 square feet, while Building 2 offers 18,256 square feet. The property is zoned O&I, providing flexibility for a variety of uses. The parcels are available for purchase individually or as a complete portfolio. The buildings on one parcel are divisible, offering further development potential. The current use is assembly, but the zoning allows for diverse redevelopment options. This prime location in rapidly growing Apex, near downtown and major transportation arteries, presents a compelling opportunity for investors seeking a high-visibility, versatile commercial property. The total square footage ranges from 18,256 to 40,100 square feet, depending on the configuration of the purchase. The property is currently vacant and ready for immediate occupancy or redevelopment.

    Property Features for 1600 Center St

    General Information

    Property type
    Flex space
    Square Feet
    18,256 SF
    Lot Size
    70,567 SF

    Building Details

    Buildings
    2
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Calvary Chapel Cary Calvary Chapel Church CCTC Association / Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8295931
    Latitude
    35.7262946

    Nearby Comparable

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    Nearby Similar for Sale

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      34,000 SF

      Apex Flex Space Available

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      Apex Medical Office Building

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    FAQs

    What type of property is this?
    Flex space - Three parcels, flexible space, ideal for investors.
    Where is this flex space located?
    The property is located at 1600 Center St Apex, NC.
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    1600 Center St Apex, NC 27502
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    Apex, NC 27502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1600 Center St Apex, NC 27502
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