Property summary
This exceptional 22,230-square-foot industrial flex building, located at 209 Technology Park Ln, Fuquay-Varina, NC 27526, presents a unique owner-user opportunity. Situated on a 1.84-acre lot in Wake County, this single-story Class B building boasts a desirable blend of warehouse, office, and potential retail space, perfect for diverse uses. Built in 2001 and renovated in 2012, the property features 18-foot ceilings, four loading docks, and one dock-high door, providing ample functionality. The RLI zoning allows for a variety of permitted uses. The building benefits from excellent highway access, serving the greater Triangle area. The current owner will require a short-term leaseback of 3-6 months, providing a smooth transition. This well-maintained property offers significant capital improvements and represents a rare chance to acquire a building below replacement cost in a thriving, low-vacancy industrial market. The property's previous tenant, Aviator Brewing, occupied the space for over a decade, highlighting its adaptability and appeal. The surrounding Technology Park Lane is home to a diverse range of industrial and flex businesses, reflecting the area's robust economic growth. This is an exceptional opportunity to capitalize on the strong demand for industrial space in a rapidly expanding market. The property's combination of warehouse, office, and potential retail space, along with its convenient location and ample loading capabilities, makes it an attractive investment for a wide range of businesses. The building is vacant and ready for occupancy on July 31, 2024.
Property profile
VerifiedCap rate & NOI
Current use
-
Production Facility Brewery & Distillery
Location
Value estimations
Owner & transaction history
Zoning & alternative use
$21
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
RLI · Fuquay Varina, NC$21
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
$21
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RLI in Fuquay Varina, NC.
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