2.70 Acres | Income-Producing & Redevelopment… — Sale in Raleigh, NC

  • Price: $6M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Raleigh, NC 27612
  • Size: 13,665 SF
  • Year built: 1980

Investment Figures

Price per square foot
$439

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Exceptional 2.70-acre (117,667 SF) offering along high-traffic Glenwood Avenue , combining stable income with strong redevelopment upside. Parcel A (6429 Glenwood Ave) sits on 0.986 acres and is offered at $3,500,000 , featuring two national tenants: Sherwin-Williams and Godfather’s Pizza, on NNN leases generating $234,026 NOI at a 6.16% cap rate, with one lease recently executed and the other secured through 2029 with renewal options. Parcel B (6425 Glenwood Ave) sits on 1.726 acres and is priced at $2,500,000 , offering significant redevelopment potential with a clear-span structure ideal for adaptive reuse including retail, restaurant, brewery, furniture showroom, or flex/industrial space with 5 bays. The property also includes a pad-ready site between the parcels for a future 5,000 SF development, along with a rear easement that enhances access and long-term value. Survey Recombination is completed, and parcels may be purchased individually or together, creating a rare opportunity for both immediate income and substantial upside. Building SF: 13665 | Land Size: 2.7 Ac | Year Built: 1980 | Listing Type: FOR SALE

Market Context

This industrial in Raleigh, NC is listed for sale at $6,000,000 across 13,665 SF ($439/SF). The building dates to 1980. It has been on the market for 70 days. Compare it against other industrial listings for sale in Raleigh, NC — view the full market.

As of Q1 2026, the Raleigh industrial market showed average asking rents near $10.86/SF/yr, rents up 7.5% year over year, and cap rates around 7.8%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Raleigh?
About 7.8% as of Q1 2026, per multiple brokerage reports.

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