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703 Rock Quarry Rd
Raleigh, NC 27610 South Central

$1,275,000 USD

Freestanding For Sale  •  5,784 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 5,784 SF
  • Lot Size 0.23 AC
  • Building Class C
  • Year Built 1978
  • Cap Rate 5.29 %
  • Tenancy Multiple
  • Zoning CX-3
40 Transit Score
60 Walk Score

Highlights

Positioned within Downtown East, an area experiencing rapid residential and commercial growth.
Current tenant occupancy with minimal overhead offers immediate income stability.
Additional rental income available through the unleased upper level.
Proximity to the forthcoming Bus Rapid Transit on New Bern Avenue enhances accessibility.

Financial Summary (Actual)

Net Operating Income: $63,600 USD (2024)
Cap Rate: 5.29 %
Total Expenses: $8,400 USD

Major Tenants

Tenant SF Occupied Lease End Date
Auto Max

Amenities

  • Bus Line
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Raleigh Union Station (Piedmont - North Carolina by Train (NC Train)) 6 min - 1.9 mi
AirportDriveWalkDistance
Raleigh-Durham International 27 min - 18.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Brian Bass 919-622-1207 CRN Holdings
Brian Bass 919-622-1207 CRN Holdings