1.726 AC Glenwood Ave Redevelopment Opportunity |… — Sale in Raleigh, NC

  • Price: $2.5M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Raleigh, NC 27612
  • Size: 5,160 SF
  • Year built: 1980

Investment Figures

Price per square foot
$484

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

Rare 1.726-acre redevelopment opportunity in Northwest Raleigh’s high-traffic Glenwood Ave corridor with immediate access to I-440. The property features a clear span building with a single support structure, allowing flexible layouts for uses such as brewery, retail/restaurant, showroom, or industrial/flex with five bays. A rear easement enhances access and supports future site configuration, while excess land provides the ability to develop an additional ±5,000 SF building . Survey recombination is completed, streamlining redevelopment. Adjacent Parcel A (6429 Glenwood Ave) is also available , and parcels can be purchased individually or together for a larger investment opportunity. Seller is open to a reasonable due diligence period, act quickly to secure this prime asset. Building SF: 5160 | Land Size: 1.73 Ac | Year Built: 1980 | Listing Type: FOR SALE

Market Context

This industrial in Raleigh, NC is listed for sale at $2,500,000 across 5,160 SF ($484/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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