Property summary
This exceptional retail property, located at 2315 Atlantic Avenue in Wake County, offers a substantial 38,135 square feet of single-tenant space currently available for lease. The building presents a unique opportunity for a business seeking a significant footprint. The space is entirely vacant, allowing for complete customization to suit a tenant's specific needs. While the property includes a 3,000 square foot office area, it requires rehabilitation. The building boasts impressive features including 18-foot ceilings and seven loading docks, making it ideal for businesses requiring ample space and efficient loading capabilities. The lease terms expire on July 31, 2026. The rental rate is $7.95 per square foot, triple net (NNN), with a tenant improvement allowance (TICAM) of $1.55 per square foot. This prime location in Wake County offers excellent visibility and accessibility, making it an attractive proposition for a wide range of retail businesses. The substantial square footage, combined with the loading dock access and high ceilings, makes this property particularly suitable for businesses requiring significant storage or operational space. The upcoming lease expiration date provides an opportunity for a long-term commitment with favorable lease terms. This is a rare opportunity to secure a large, well-located retail space in a thriving market. Interested parties are encouraged to inquire promptly.
Property profile
VerifiedCap rate & NOI
Current use
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Moving Company
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities
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
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
IX-3 · Raleigh, NCThe IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IX-3 in Raleigh, NC.
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Find the owner behind the property.
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