6425 Glenwood Avenue Raleigh, NC 27612
13,104 SqFt
UPDATED:
02/18/2025 07:23 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 13,104 sqft
Price per Sqft $450
MLS Listing ID 10069063
Abv Grd Liv Area 13,104
Originating Board Triangle MLS
Year Built 1980
Annual Tax Amount $19,595
Lot Size 2.110 Acres
Acres 2.11
Property Sub-Type Mixed Use
Property Description
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.
Location
State NC
County Wake
Direction From downtown Raleigh: Head west on I-440 W. Take exit 7B for US-70 W/Glenwood Ave toward Durham. Merge onto Glenwood Ave/US-70 W. Continue straight on Glenwood Ave for about 2.5 miles. Building will be on your right.
Exterior
Private Pool No
Building
Faces From downtown Raleigh: Head west on I-440 W. Take exit 7B for US-70 W/Glenwood Ave toward Durham. Merge onto Glenwood Ave/US-70 W. Continue straight on Glenwood Ave for about 2.5 miles. Building will be on your right.
New Construction No
Others
Special Listing Condition Standard
