Property profile

2601 Spring Forest Rd Raleigh, NC 27616

FOR SALE
Commercial real estate
Property ID
US53-0658967
1.28 ac lot
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2601 Spring Forest Rd, Raleigh, NC 27616 For Sale
$1,400,000
2601 Spring Forest Rd, Raleigh, NC 27616
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Property summary

AI-generated overview

This exceptional 1.28-acre property, located at 2601 Spring Forest Road in Raleigh, NC, presents a unique investment opportunity. Boasting 270 feet of road frontage on Spring Forest Road, this parcel offers unparalleled visibility and accessibility. Its prime location provides convenient access to North Hills and is just a short 10-minute drive from downtown Raleigh, placing it within easy reach of a thriving commercial and residential market. The property is zoned IX-3, an Industrial Mixed-Use designation within the city of Raleigh. This versatile zoning allows for a diverse range of development options, including light manufacturing, retail establishments, and limited residential construction (up to three stories). The property lines shown in the provided photos are estimates and should not be considered official survey lines. While a separate 1.58-acre parcel at the rear of the property is not currently included in this sale, the possibility of negotiating its inclusion exists. This presents a rare chance to acquire a strategically located parcel with significant development potential in a rapidly growing area of Raleigh. Serious inquiries are encouraged. The asking price for this exceptional property is $399,900.

Property profile

Verified
Property type Commercial real estate
Lot 1.28 ac (55,757 SF)
UPID US53-0658967

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Food Processing Plant Factory

Location

2601 Spring Forest Rd Raleigh, NC 27616
Raleigh metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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