Vacant-User

Courtyard at Falls Valley

1920 Falls Valley Dr, Raleigh, NC 27615

Listing Price: Request For Offer

Gross SF
24,731
Rentable SF
24,731
Lot Size
3.46 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to present for sale a 24,731 square foot retail/office redevelopment opportunity in Raleigh, North Carolina. The subject property was constructed in 2008 and sits on approximately 3.46 +/- acres. The property features two buildings connected by an enclosed, heated/cooled walkway. There is one single-story building (17,700+/- SF) and one two-story building (7,000+/- SF). The property was previously occupied as a single-tenant fitness facility and features a large main entrance with a reception area and waterfall feature. The property also features locker rooms on the first floor of the two-story building, a padded grass turf area on the outside of the building, multiple access/ingress points, and features 103+/- parking places: 4.2 per 1,000. The property is currently vacant and zoned PD (Planned Development). Future land use for the area is categorized as Office & Residential Mixed-Use. The subject property is conveniently located on Falls Valley Drive just past the signalized intersection of Falls of Neuse Road and Falls Valley Drive (48,000 VPD). The property has convenient access to Interstate 540 (78,500 VPD) with an onramp and exit ramp to I-540 West. Points of interest in the immediate area include a Walgreens, a retail strip with tenants including Medi-Weight Loss, Salon Lofts, and Stansell Dentistry, and Raleigh Pediatrics. Additional points of interest include Sona Dermatology & Med Spa, Sprouts Farmers Market, Big Daddy’s Burger & Fries, Kohls, Harris Teeter, Lifetime Fitness, WakeMed North Hospital (61-Beds).

Investment Highlights

  • Vacant Retail or Office Reposition Opportunity | 24,731 Square Feet
  • Built in 2008 | Former Fitness Facility | 103+/- Parking Spaces: 4.2 Per 1,000
  • Positioned Near Signalized Intersection of Falls Valley | Drive and Falls of Neuse Road | 48,000 VPD
  • Easy Access to Interstate 540 | 78,000 VPD
  • Falls Valley Retail/Office Node | 10-Mile Trade Area with 490,000 Population
  • Surrounded by Medical Office and Retail Tenants: Walgreens, Raleigh Pediatrics, Medi-Weight Loss

Exclusively Listed By

Vacant-User

Courtyard at Falls Valley

Listing Price: Request For Offer

Gross SF
24,731
Rentable SF
24,731
Lot Size
3.46 acres
Year Built
2008

Investment Highlights

  • Vacant Retail or Office Reposition Opportunity | 24,731 Square Feet
  • Built in 2008 | Former Fitness Facility | 103+/- Parking Spaces: 4.2 Per 1,000
  • Positioned Near Signalized Intersection of Falls Valley | Drive and Falls of Neuse Road | 48,000 VPD
  • Easy Access to Interstate 540 | 78,000 VPD
  • Falls Valley Retail/Office Node | 10-Mile Trade Area with 490,000 Population
  • Surrounded by Medical Office and Retail Tenants: Walgreens, Raleigh Pediatrics, Medi-Weight Loss

Investment Overview

Marcus & Millichap is pleased to present for sale a 24,731 square foot retail/office redevelopment opportunity in Raleigh, North Carolina. The subject property was constructed in 2008 and sits on approximately 3.46 +/- acres. The property features two buildings connected by an enclosed, heated/cooled walkway. There is one single-story building (17,700+/- SF) and one two-story building (7,000+/- SF). The property was previously occupied as a single-tenant fitness facility and features a large main entrance with a reception area and waterfall feature. The property also features locker rooms on the first floor of the two-story building, a padded grass turf area on the outside of the building, multiple access/ingress points, and features 103+/- parking places: 4.2 per 1,000. The property is currently vacant and zoned PD (Planned Development). Future land use for the area is categorized as Office & Residential Mixed-Use. The subject property is conveniently located on Falls Valley Drive just past the signalized intersection of Falls of Neuse Road and Falls Valley Drive (48,000 VPD). The property has convenient access to Interstate 540 (78,500 VPD) with an onramp and exit ramp to I-540 West. Points of interest in the immediate area include a Walgreens, a retail strip with tenants including Medi-Weight Loss, Salon Lofts, and Stansell Dentistry, and Raleigh Pediatrics. Additional points of interest include Sona Dermatology & Med Spa, Sprouts Farmers Market, Big Daddy’s Burger & Fries, Kohls, Harris Teeter, Lifetime Fitness, WakeMed North Hospital (61-Beds).

Exclusively Listed By

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