Active
6425 Glenwood Avenue
Raleigh NC, 27612
$5,900,000
$450.24 per sqft
Active
13,104 sqft
Commercial
Built in 1980
Listing courtesy of Keller Williams Elite Realty
This prime 2.77-acre property in Northwest Raleigh offers excellent visibility and accessibility, making it an exceptional investment opportunity.
The property features two established national tenants, one having operated at this location for over 40 years and both offering great space and visibility from Glenwood Avenue. Both tenants are paying market rents on NNN leases, with current agreements extending through 2029 and options to renew, ensuring long-term stability.
The property also features a 5,000 sq. ft., 6-bay auto repair shop building that has been a fixture of the community for 44 years. This versatile building offers ample space, a large parking lot, and adaptability for other uses.
The property holds tremendous potential for updates, redevelopment, or future growth. The mechanic shop could be reimagined or modernized to suit evolving market demands, and there is an easement behind the shop that could serve as a convenient future access point for vehicles.
Additionally, the vacant land between the two buildings provides an excellent site for a new 5,000 sq. ft. structure, offering opportunities for expansion or new ventures.
10069063
MLSⓇ ID
January 3, 2025
Listed
January 3, 2025
Updated
Map
6425 Glenwood Avenue
Raleigh NC, 27612
Interior Features
Fireplace
No
Cooling
Yes
Heating
Yes
Exterior/Building Features
Lot Size
2.11 Acres
Other Property Details
Taxes
$19,595
Tax Frequency
Annually
Garage
No
View
No
County
Wake
Pool
No
Listed by Vandan Gandhi, , Keller Williams Elite Realty
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Data last updated 5:28 PM UTC, 1/3/2025