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Executive Summary
Take advantage of a unique opportunity to own a pristine, standalone flex property strategically positioned on the edge of Research Triangle Park with immediate access to I-40. After significant investment of time and capital, the property now benefits from a recently approved text amendment allowing a meaningfully expanded list of permitted uses—substantially increasing flexibility, futureproofing, and buyer appeal.
The building is well suited for owner-users or investors seeking high-quality flex space with strong retail potential. Its standalone configuration, dedicated on-site parking, and visibility in a rapidly growing corridor distinguish it from competing multi-tenant or constrained flex assets. The site supports a wide range of commercial uses, from showroom and light industrial to service-oriented retail, medical, or experiential concepts.
Located in a booming submarket fueled by RTP employment growth and regional in-migration, the property offers both immediate functionality and long-term upside. Opportunities to acquire clean, adaptable flex assets with retail optionality and parking—this close to RTP and I-40—are increasingly scarce.
The building is well suited for owner-users or investors seeking high-quality flex space with strong retail potential. Its standalone configuration, dedicated on-site parking, and visibility in a rapidly growing corridor distinguish it from competing multi-tenant or constrained flex assets. The site supports a wide range of commercial uses, from showroom and light industrial to service-oriented retail, medical, or experiential concepts.
Located in a booming submarket fueled by RTP employment growth and regional in-migration, the property offers both immediate functionality and long-term upside. Opportunities to acquire clean, adaptable flex assets with retail optionality and parking—this close to RTP and I-40—are increasingly scarce.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
6,018 SF
Building Class
B
Year Built
1978
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.90 AC
Zoning
CG - General Commercial - Restricted to Health Club or Studio. 2026 text amendment allows for an expanded list of uses including office, retail, R&D.
Parking
37 Spaces (6.15 Spaces per 1,000 SF Leased)
Frontage
100’ on Carpenter Fletcher Rd
Nearby Major Retailers
Property Taxes
| Parcel Number | 157201 | Improvements Assessment | $606,274 CAD |
| Land Assessment | $578,839 CAD | Total Assessment | $1,185,113 CAD |
Property Taxes
Parcel Number
157201
Land Assessment
$578,839 CAD
Improvements Assessment
$606,274 CAD
Total Assessment
$1,185,113 CAD
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1612 Carpenter Fletcher Rd
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