5832 Lease Ln Raleigh, NC 27617
- Warehouses
- 14,640 SF
- 1.86 lot acres
Current Use by Public Records
- John J Kirlin LLC / Mechanical Contractor
Property Details for 5832 Lease Ln
- Year built
- 1980
- Lot size
- 1.86 lot acres
- Property size
- 14,640 SF
- Zone code
- IX-3
- Property type
- Warehouses
- APN
- 0778.04-50-7143 0110700
- APU
- 778045071430110700
Description
This exceptional 14,640-square-foot flex space property at 5832 Lease Lane in Raleigh, NC, presents a compelling owner-user investment opportunity. Priced at $2,930,000, this Class B building boasts a strategic location, offering easy access to Highway 70 and the 540 Beltline, a major thoroughfare with over 40,000 vehicles per day. Built in 1985, the two-story structure features three loading docks, two dock-high doors, and impressive 17-foot ceiling heights. The property is currently 100% occupied under a modified lease expiring November 1, 2024, with a base monthly rent of $17,000. Adding to its versatility, the property includes a valuable laydown yard for outdoor storage and a 2,500-square-foot covered shed, enhancing its functionality and appeal. The IX-3 zoning designation further broadens its potential uses. This single-tenant property offers a rare combination of location, functionality, and value, making it an ideal investment for discerning buyers seeking a strong return on investment in a thriving market. The net rentable square footage is 14,640 square feet. The property consists of one building.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.7443
- Latitude
- 35.8932
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
