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1839 Capital BlvdRaleigh, NC 27604
1839 Capital Blvd
Asset ClassRetail
Retail SF2,600
New Listing! | Vacant Bank Branch for Redevelopment – Raleigh, NC
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a former bank branch in Raleigh, NC. The offering provides investors or users the opportunity to own a 2,600 SF, 2nd generation bank in one of the city’s premier and fastest growing neighborhoods in northeast Raleigh. The property previously operated as a First Citizens Bank.

 

With flexible zoning options, the property can accommodate a variety of uses or retail types. Located in a high-traffic region, 1839 Capital Boulevard benefits from excellent visibility and accessibility. This is an ideal investment for those seeking to establish a presence in one of North Carolina’s most dynamic markets.

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Investment Highlights

  • Dense & Affluent Surrounding Demographics: Site is positioned in a highly populated area with over 100k people in a 3-mile radius | 1 & 3 mile radius average household income exceeds $105K outpacing the national average ($80,610)
  • Great Visibility: Positioned on northbound and southbound Capital Blvd maximizing visibility | Ingress and Egress off of Capital Boulevard (34K VPD)
  • A Top Performing Market Nationally: Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage) | Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022) | Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News)
  • Positioned in a Strong Retail Node: Over 1.2MSF of retail space in a 1-mile radius boasting an vacancy rate of 1.2% | Nearby retailers include: Wegmans, Costco, and various auto repair stores
  • Flexible Zoning: Property is zoned in the IX-3 (Industrial Mixed Use - 3 stories max ) zoning provides expansive redevelopment opportunities
  • Former Bank Branch W/ Drive Through: Former bank with drive through allows flexibility to re-use the building for different tenant types
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1839 Capital BlvdRaleigh, NC 27604

Sales Team

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Listing provided by Revere CRE