1839 Capital Blvd Raleigh, NC 27604-2144
- Banks
- 2,648 SF
- 0.64 lot acres
Dec 16, 2022
Current Use by Public Records
- Banks
Property Details for 1839 Capital Blvd
- Year built
- 1961
- Lot size
- 0.64 lot acres
- Property size
- 2,648 SF
- Zone code
- IX-3
- Property type
- Banks
- APN
- 1714.06-38-3290 0012573
- APU
- 1714063832900012573
Description
This 2,600 square foot Class A retail property, located at 1839 Capital Blvd in Raleigh, NC, is a vacant, fee-simple ownership opportunity. Built in 1961 and situated on a 0.64-acre lot, the property boasts 20 parking spaces and excellent visibility on Capital Boulevard (34,000 vehicles per day). Previously a First Citizens Bank branch, it features a drive-through and flexible IX-3 zoning, allowing for diverse redevelopment options. The property benefits from strong surrounding demographics, with over 100,000 people within a 3-mile radius and average household incomes exceeding $105,000. This location is part of a thriving retail node with low vacancy rates (1.2%) and proximity to major retailers like Wegmans and Costco. Raleigh's robust economy, projected 44% job growth over the next 10 years, makes this a compelling value-add investment in a top-performing market. The property's vacant status presents a unique chance to tailor the space to a variety of retail uses. This is an exceptional opportunity to capitalize on Raleigh's dynamic growth and establish a presence in a high-traffic area with strong consumer demographics.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,065,000
- ML approach
- $2,005,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,909,000
Market price range: $945k - $3.37M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6176
- Latitude
- 35.8052
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
