Bought with Non Member Office
$900,000
$909,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
2,050 SqFt
SOLD DATE : 05/16/2025
Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,050 sqft
Price per Sqft $439
Subdivision 615 Peace St
MLS Listing ID 10084526
Sold Date 05/16/25
Abv Grd Liv Area 2,050
Year Built 2024
Annual Tax Amount $2,500
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Retail
Source Triangle MLS
Property Description
Fully Leased, Turnkey Investment Opportunity in Raleigh's Hottest District. Brand new, fully built-out retail unit at the 615 Peace luxury condo building in Glenwood South. Leased to Beem Light Sauna through 2034, offering long-term stability with 3% annual rent increases. Directly next to Starbucks and Mellow Mushroom. Priced competitively at a 7.5 CAP on existing rents. Extensive tenant improvements—including HVAC, plumbing, and electric— in place, making this a truly turnkey investment. Located in a high-visibility area with over 14,000 cars/day. A rare chance to own a fully leased retail unit in a prime location.
Location
State NC
County Wake
Zoning CX4-UG-CU
Direction From Wade Avenue, take Glenwood South. Make a right on Peace Street. Building is on the left immediately before Boylan.
Interior
Cooling Central Air
Flooring Laminate
Exterior
Exterior Feature Awning(s)
Utilities Available Electricity Available, Electricity Connected, Sewer Available
Handicap Access Accessible Approach with Ramp
Private Pool No
Building
Faces From Wade Avenue, take Glenwood South. Make a right on Peace Street. Building is on the left immediately before Boylan.
Foundation Block
Sewer Public Sewer
Structure Type Brick
New Construction Yes
Others
Special Listing Condition Seller Licensed Real Estate Professional
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