Automotive Building With Excellent Repurposing Potential

Retail-Commercial for Sale
Catylist Listing ID: 30295503
Property Subtypes: Vehicle Related
Building Size (RSF): 14,577 SF
Gross Land Area: 2.52 Acres
Sale Price: $2,300,000
Unit Price: $157.78 PSF
Ceiling: 18 ft.
Property Use Type: Investment, Business
Usable Size (USF): 14,577 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/17/2018

Overview / Comments

14,557 SF building on 2.52 acres for sale. Adaptive space with excellent repurposing potential. Premises will be delivered vacant; formerly an automotive repair and sales center. Built in 1954 and zoned UMX.

Located just off White Street, Wake Forest's historic commercial district. This location is included in the proposed "Renaissance" revitalization plan for downtown Wake Forest.

2 extra large bay doors for main building (in door/ out door). Building fits 10 cars comfortably and has 10 lifts. A separate building in the back has 3 bay doors. property could be accessed by Roosevelt Ave, Taylor St, and Caddell St. Site also features multiple fenced areas as well as plenty of room to expand.

Additional Details

Nearest MSA: Raleigh
County: Wake
Tax ID/APN: 0062012
Zoning: UMX
Retail Clientele: Business
Property Visibility: Excellent
Feet of Frontage: 511
Construction/Siding: Brick

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,796 39,290 73,350
Median Age: 31.76 35.28 36.39
Households: 1,774 14,140 26,341
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