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5115 New Bern Ave 24,434 SF 67% Leased Industrial Building Raleigh, NC 27610 $8,411,534 CAD ($344.26 CAD/SF)
Investment Highlights
- ±24,434 SF industrial building on ±2.74 acres | IX-3 zoning
- Three (3) drive-in doors
- High Traffic Exposure: New Bern Ave / US-64 Business: 48,000 VPD; I-440: 122,000 VPD; I-87: 98,000 VPD
- ±8,000 SF warehouse/office space available + ±1.2 acres of fenced outdoor storage (IOS)
- Paved and fenced site
- SALE PRICE: $6,100,000
Executive Summary
5115 New Bern Avenue presents a unique industrial investment and owner-user opportunity featuring ±24,434 SF on ±2.74 acres in Raleigh. The property combines stable in-place income from a long-term NNN tenant with ±8,000 SF of available warehouse/office space and approximately 1.2 acres of fenced outdoor storage, providing flexibility for immediate occupancy, lease-up, or future expansion.
Property Facts
| Price | $8,411,534 CAD | Rentable Building Area | 24,434 SF |
| Price Per SF | $344.26 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1964 |
| Property Type | Industrial | Parking Ratio | 1/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 25’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 2.75 AC | ||
| Zoning | Ind-1 | ||
| Price | $8,411,534 CAD |
| Price Per SF | $344.26 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.75 AC |
| Rentable Building Area | 24,434 SF |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 1/1,000 SF |
| Clear Ceiling Height | 25’ |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | Ind-1 |
Amenities
- Bus Line
- Fenced Lot
- Signage
Utilities
- Water
- Sewer
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1734.14-34-3873-000 | Improvements Assessment | $1,970,849 CAD |
| Land Assessment | $2,477,748 CAD | Total Assessment | $4,448,597 CAD |
Property Taxes
Parcel Number
1734.14-34-3873-000
Land Assessment
$2,477,748 CAD
Improvements Assessment
$1,970,849 CAD
Total Assessment
$4,448,597 CAD
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5115 New Bern Ave
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