3200 Bush St Raleigh, NC 27609-7503
This exceptional single-story industrial warehouse, totaling 251,314 square feet, offers an immediate opportunity for lease. Currently, 50,800 square feet of contiguous space is available, representing a significant portion of the building's total area. Built in 1967, the property boasts an 18-foot ceiling height, providing ample vertical space for storage and operations. The warehouse features four loading docks and one drive-in door, ensuring efficient loading and unloading of goods. The property's strategic location provides immediate access to I-440, facilitating seamless transportation and distribution throughout the region. This location offers easy access to all major highways, making it an ideal choice for businesses requiring convenient access to regional transportation networks. The entire building consists of a single suite, currently offering a single, large space for lease. The minimum divisible space is 50,800 square feet, making it suitable for a variety of businesses seeking substantial warehouse space. Contact us today to discuss lease rates and explore the possibilities of this prime industrial property. The property is classified as both a warehouse and distribution facility, catering to a wide range of logistical needs.
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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
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
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
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.