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$3,000,000
10174434 MLS ACTIVE Status
Please see the details below regarding a premier income-producing commercial property available for sale or lease at 1155 Timber Drive E, Garner, NC. Located in the heart of Garner near the White Oak Shopping Center, this site offers high visibility in a high-growth area with strong retail anchors. Investment & Pricing Options - Purchase Price: $3,000,000 for the entire building, including immediate rental income from Unit 102. - Unit 101 Lease Rate: $9,200/month + TICAM (NNN Lease). Space size is 2,765 sq. ft. Property Composition - Unit 101 (Available): Turnkey 2nd-generation restaurant space with a fully built-out kitchen infrastructure, including a walk-in freezer and refrigerator. - Unit 102 (Occupied): Features an active tenant providing stable, immediate cash flow for a purchaser. Lease Terms (Unit 101) The owner is offering two 5-year renewal options with a 5% graduated annual increase. Financing Seller financing is available. The owner is open to considering flexible structures for qualified buyers. Please contact us directly to discuss terms and down payment requirements. Location & Access The building is located in front of the movie theater on Timber Drive East. From I-40 East, take the US-70 West exit, turn left onto White Oak Rd, and then left onto Timber Drive East. Complete floor plans, structural dimensions, and lease details for Unit 102 are available upon request for serious purchase inquiries. Please contact the listing team today to schedule a walkthrough or to request the full documentation package

1155 Timber Dr E Unit 101, Garner

$785,000
10174433 MLS ACTIVE Status
An exceptional, low-maintenance investment opportunity to acquire a prime commercial retail condominium in Raleigh's highly trafficked Millbrook Lake Center. Offered at $785,000, this property features an established, long-term laundromat tenant generating immediate, reliable cash flow. Because the tenant owns the equipment and handles operational costs, this asset offers an investor a true "hands-off" passive stream of income. Financial & Investment Highlights Immediate Cash Flow: Generates a steady, predictable income of $5,000 per month ($60,000 annually) from day one. Strong Yield: Offering an attractive 7.64% gross capitalization yield at the current asking price. Absolute Passive Structure: The tenant owns 100% of the commercial laundromat equipment. Under the current agreement, the tenant is fully responsible for all equipment maintenance, property repairs, and any additional assessments, insulating the landlord from unexpected operational expenses. Strategic Location & Property Features Prime Raleigh Location: Situated in a high-visibility retail strip right off the bus line with easy access to US-1 and the I-440 beltline. Built-In Customer Base: Surrounded by dense, multi-family residential complexes and established neighborhoods, ensuring a permanent demand for the tenant's services and long-term viability for the location. Excellent Asset Condition: Modern, second-generation commercial buildout featuring tenant-controlled HVAC, updated storefront signage, and ample shared parking within the center. Property Overview Property Type: Retail Commercial Condominium Current Use: Tenant-Operated Laundromat Monthly Income: $5,000/month ($60,000/year) Maintenance & Expenses: 100% Tenant responsibility (Repairs, maintenance, and assessments) Financing Structure Seller Financing Potential: The owner is open to considering flexible owner-financing structures or creative deal structuring for well-qualified buyers with a substantial down payment. Inquire Today: Full lease details, condo association documents, and property specifics are available upon request. Contact the listing team directly to discuss terms or schedule a site visit.

2411 E Millbrook Rd Unit Suite 104, Raleigh

$425,000
4 Baths 10174161 MLS ACTIVE Status
Strategically positioned along one of Raleigh's most actively evolving urban corridors, this prominent OX-3 zoned corner property offers a rare opportunity to acquire a four-unit structure with exceptional mixed-use redevelopment, adaptive reuse, office conversion, residential repositioning, or future infill construction potential just minutes from Downtown Raleigh. Existing improvements require substantial rehabilitation and the property is being sold as-is, creating an ideal canvas for investors, developers, and visionary buyers seeking a high-visibility asset with multiple long-term value creation paths. The property is further strengthened by immediate adjacency to recently completed new home and condominium development and sits directly within the trajectory of significant public and private corridor investment, including New Bern Avenue Bus Rapid Transit infrastructure, expanding transit-oriented development momentum, rising multifamily and mixed-use demand, and increasing institutional growth connecting Downtown Raleigh, WakeMed, workforce housing nodes, and surrounding commercial services. With strong corridor presence, strategic downtown proximity, and continued redevelopment pressure throughout the surrounding area, this site represents a compelling opportunity to capitalize on one of Raleigh's emerging gateway growth corridors. Buyer to verify all intended uses with City of Raleigh. See photos of early plans of potential four-unit townhome building not yet city approved.

615 New Bern Ave, Raleigh

$1,600,000
10171257 MLS ACTIVE Status
Large Corner Building in downtown Zebulon at a traffic light. ATTENTION INVESTORS & DEVELOPERS! A generational opportunity to anchor Wake County's fastest-growing downtown. 117/123 N Arendell Ave offers a massive 10,000 SF historic footprint in the highly sought-after Downtown Core (DTC) of Zebulon. Built in 1920, this architectural blank slate is the ultimate adaptive-reuse play—ideal for a food hall, microbrewery, co-working hub, or multi-tenant retail. THE METRICS THAT MATTER: Priced strategically at $1,600,000 ($158/SF) in a verified hyper-growth market. Massive spread against stabilized comps. Proforma NOI: $147,250 with an 8.42% Stabilized Cap Rate. Location: Prime N Arendell Ave frontage with heavy foot traffic generators. Incentives: Eligible for Town of Zebulon Facade Grants. With 4 comparable properties analyzed, the data confirms this is a rare value-add geometry. Surrounded by thriving local businesses and just 26 mins from Raleigh, the upside is substantial. Will not last long. Inquire for the full underwriting dossier today.Some buildings simply house businesses. A rare few get to dictate the future of an entire town. Standing proudly since 1920, 117/123 N Arendell Ave isn't just a building; it is the beating heart of Zebulon's downtown renaissance. In a hyper-growth market where authentic historic architecture is rapidly disappearing, this 10,000-square-foot canvas offers an unrepeatable opportunity. Imagine the morning sun illuminating century-old exposed brick as locals gather for artisanal coffee, or the evening hum of a vibrant microbrewery echoing through soaring historic rafters. At a strategic $1,600,000, you aren't just buying real estate. You are acquiring the power to shape the culture and commerce of one of Wake County's next boomtowns. The history is written. The highly profitable next chapter is yours to author. Will you be the one to claim it?

117 N Arendell Ave, Zebulon

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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .