4060 Sumner Blvd, Raleigh, NC 27616
For Sale
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Foundry Commercial Is Pleased to Present Approximately 1.19 Acres of Land Located Along Sumner Boulevard Adjacent to Triangle Town Center and Poyner Place Shopping Centers and In Close Proximity to I-540, and U.S. 401. Triangle Town Center and Poyner Place Feature Numerous Amenities as Well as A Diverse Collection of National, Regional, and Local Retail Tenants Such as Belk, Saks Fifth Avenue, Dick’s Sporting Goods, Old Navy, World Market, H&m, and Target. the Property Is Conveniently Located in One of The Fastest Growing Submarkets in The Triangle and Allows a Developer to Take Advantage of Increased Infrastructure, Population Growth and Rising Incomes. the Site Is Located Within the (cx-4-Cu) Commercial Mixed Use Zoning District Within the City of Raleigh, Which Allows for A Variety of Retail, Multifamily and Commercial Uses with A Height Restriction up To Four Stories.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
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