2114 Atlantic Ave, Raleigh, NC 27604
For Lease
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This exceptional Raleigh industrial property, located at 2114 Atlantic Avenue, offers 157,093 square feet of warehouse space in two single-story buildings. The property sits on 6.77 acres of land and is classified as Class B. Built in 1957 and renovated in 1965, it features a 20-foot ceiling height, making it ideal for various industrial uses. The property boasts 18 loading docks with 18 dock-high doors, along with one drive-in door, and ample parking with 60 spaces. Power is provided by four 120/208 3-phase and one 277/408 3-phase systems. The minimum divisible space is 15,453 square feet, while the maximum contiguous space is the entire 157,093 square feet, offering flexibility for single or multiple tenants. The property is zoned CX-20 & IX-3 and is conveniently located near Atlantic Avenue and East Whitaker Mill Road in Raleigh, NC 27604. Annual property taxes are $0.45 per square foot. The property is available for occupancy October 1, 2024. This is a rare opportunity for a large-scale industrial space within the beltline, adjacent to Raleigh's newest entertainment district.
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Kitchen Cabinet Distributors Hardware & Home Improvement Furniture & Home Goods
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Performance Contracting Inc Construction Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CX-20 · Raleigh, NCRaleigh. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.