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$650,000
10190039 MLS ACTIVE Status
*BACK ON MARKET due to buyer financing issues*This 4.5+/-acre unimproved property offers an exceptional opportunity for light industrial development. Situated on Ellis Rd, the site features 240 feet of road frontage, providing excellent visibility and access. With convenient connections to HWY 147,Research Triangle Park (RTP), and Raleigh-Durham International Airport (RDU), this location is ideal for businesses seeking strategic positioning. The rectangular, flat topography of the lot makes it well-suited for a variety of industrial applications.Additionally, public water and sewer services are available on Ellis Rd, facilitating immediate development potential. Creek runs along left side of property. This property represents a prime opportunity for businesses looking to establish themselves in a thriving industrial area with easy transportation links

825 Ellis Rd, Durham

$3,495,000
10189819 MLS ACTIVE Status
Prime commercial opportunity to acquire the entire two-story, 8,068 SF office building at 701 Mutual Court in North Raleigh. The property combines immediate income from the fully leased first floor with substantial owner-user and value-add potential through completing and leasing up the vacant second floor. The building consists of two approximately 4,034 SF floors with spacious entry lobbies and elevator access to the second floor. Suite 100 encompasses the entire 4,034 SF first floor and is fully leased to Alpha Male Wellness, LLC. The initial lease term runs through July 20, 2030, with one additional 5-year renewal option. Current scheduled base rent is approximately $10,906.93/month, or $130,883.13 annually, with 3% annual rent escalations. In addition to base rent, the tenant is responsible for a 50% proportionate share of applicable taxes, insurance, and common area/property operating expenses, subject to annual reconciliation. The lease originally estimated these reimbursements at approximately $1,176.58/month. Suite 200 encompasses the entire 4,034 SF second floor and is vacant and ready for customization, offering an excellent opportunity for a new tenant, owner-user, or investor seeking additional rental income. The space is in vanilla-box condition. Remaining work includes sheetrock repairs and interior painting; completing the center conference room using existing steel studs; installing two full bathrooms; installing glass panels in several offices facing the waiting area; and completing HVAC ductwork and related components. The existing Suite 200 layout includes four large offices along the right side, a large open reception/waiting area at the front lobby entrance, a large conference room behind the waiting area, three additional offices along the left side, a centrally located break room, and designated space for two bathrooms in the rear center. Suite 200 was previously occupied by Union Bank. Bank use is prohibited until December 31, 2028. Excellent North Raleigh location just off Falls of Neuse Road and Strickland Road with convenient access to I-540 and major Triangle destinations. Approximately 1 mile to I-540, 9 miles to Downtown Raleigh, 12.6 miles to RDU International Airport, and 0.1 mile to Bent Tree Plaza for grocery, restaurants, retail, and services. GoRaleigh Route 2 bus service is located nearby at Falls of Neuse Road and Strickland Road. The surrounding corridor carries approximately 15,000 vehicles per day on Strickland Road and approximately 32,000 vehicles per day on Falls of Neuse Road near the intersection. Area demographics include approximately 68,972 residents and 31,015 households within a 3-mile radius, with a median home value of approximately $401,515 within a 2-mile radius. Wake County tax value for the entire building is $3,196,680. Parcel ID 1708908294. Zoned OX-4, Office Mixed Use, offering flexibility for professional office, medical, dental, health services, and other permitted commercial uses. Annual HOA dues are $2,500 for the entire building. Electricity averages approximately $1,073/month, and Wake County property taxes are approximately $27,878.24 annually. 701 Mutual Court offers existing income, built-in rental growth, and significant upside through occupancy or lease-up of the vacant second floor. Ideal for an investor, owner-user, or hybrid owner-user strategy in a high-growth North Raleigh and Research Triangle location. Schedule your showing today.

701 Mutual Ct Unit 100 200, Raleigh

$8,000,000
10187664 MLS ACTIVE Status
Use your imagination! This is an exciting opportunity for visionary investors, developers, and entrepreneurs! This property offers approximately 3.54 acres of land just minutes from downtown Durham. The site currently includes 2 attached brick buildings (Finished Square Footage is 53,438 and within this 53,438 Square Footage approximately 29,287 Square Footage is presently used for religious/institutional purposes. With its substantial land area, convenient location, and RU-5(2) residential zoning, this property presents an opportunity to explore a variety of residential redevelopment concepts. Potential development concepts may include: Single-family homes, Duplexes, Townhomes, Detached rowhouses, and Multiplex residential development. Prospective purchasers should independently verify zoning, permitted uses, density, development standards, subdivision requirements, utilities, environmental conditions, access, and all other applicable requirements with the City of Durham and Durham City-County Planning Department. Development potential is subject to governmental approval and site-specific due diligence. YOU DO NOT WANT TO MISS OUT ON THIS OPPORTUNITY! MAKE AN OFFER!

515 Dowd St, Durham

$249,900
2 Baths 10186599 MLS ACTIVE Status
Redevelopment opportunity consisting of two adjoining parcels at 1509 and 1511 E. Geer Street, offered together as an approximately 0.88-acre commercial assemblage with roughly 125 feet of combined road frontage. Zoned CG—Commercial General—the property offers potential for office, medical/dental, neighborhood retail, mixed-use or multifamily development, subject to applicable standards and governmental approvals. The assemblage provides convenient access to I-885, Downtown Durham, RTP, Duke University and major employment centers throughout the Triangle. The existing structure is damaged, conveys strictly As-Is, the combined land and redevelopment potential. Buyer should independently verify zoning, permitted uses, utilities, access, survey, acreage, floodplain, stream and riparian buffers, stormwater requirements and overall development feasibility with Durham City-County Planning and other appropriate professionals.

1511 E Geer St, Durham

$1,250,000
10180868 MLS ACTIVE Status
Rare fully entitled commercial development opportunity in Holly Springs! 451 Commons Drive has completed the Town approval process, including Development Plan, Construction Drawings, and Pre-Construction Meeting, allowing the next owner to move directly toward building permits and construction. Approved plans include a 6,733 SF office/retail building with 27 parking spaces. Zoned PUD-Mixed Use, the property supports medical, office, retail, restaurant, and other commercial uses, with flexibility to modify the approved design. Excellent visibility on N. Main Street (15,000+ VPD), convenient access to NC 55 and NC 540, and surrounded by established medical and professional offices. A rare opportunity to save significant time and reduce development risk.

451 Commons Dr, Holly Springs

$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

$415,000
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

$1,200,000
1 Baths 10172525 MLS ACTIVE Status
A Rare Opportunity in the Heart of Downtown Cary! Situated on approximately 0.84 acres, this property offers incredible development potential with TC-HMXD (Town Center High Intensity Mixed Use District) zoning. Whether you're an investor, developer, entrepreneur, or visionary builder, this site provides the flexibility to create office, retail, residential, mixed-use, or commercial space in one of the Triangle's most dynamic markets. Existing workshop on site. Surrounded by thriving businesses, upscale residential communities, Downtown Cary Park, and ongoing redevelopment, this is your chance to invest in Cary's future while securing a prime location today. Offered at $1,200,000. Opportunities like this don't come around often. Bring your vision. Build the future.

315 Holloway St, Cary

$493,000
3 Baths 10172171 MLS ACTIVE Status
Live in and work in this charming 1930s Craftsman-style bungalow located in Durham's versatile Office/Institutional, Urban Tier district. Step through the front gate into a rambling flower garden and onto a large, rocking-chair front porch. Enjoy a front parlor with fireplace and a separate dining room. The sunny breakfast room has a wall of windows for lots of light. This older home of character has German-board wood siding; and a newer roof, gutters and water heater. Plus, there's an unfinished, walk-out basement with concrete flooring. Additional parking is neatly tucked around the old, detached garage building out back. Great location. Less than a block to Lakewood Social Restaurant; within minutes to Cocoa Cinnimon, Lakewood YMCA, Duke University, Durham Performing Arts Center, Durham Bulls Ballpark, restaurants, shopping & places of worship.

1814 Chapel Hill Rd, Durham

$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

$340,000
10169145 MLS ACTIVE Status
Calling all solo practitioners, solopreneurs, and small business owners! Your cozy office condo right in the heart of Cary awaits! Everything has already been done for you such as LVP floors, coffered ceiling tiles, paint, keyless entry, and more! This office is currently set up as 2 separate mini suites connected via a central conference room (currently used for storage). Perfect situation for someone who wants to 'office hack' or 'office share' to earn some rental income on their investment. Each mini suite has a lobby area with kitchenette and separate large office room with door. Restrooms are located right out front of the unit. Besides the thoughtful updates, this condo is ideally situated just 1 mile from downtown Cary & Fenton, with lots of dining and shopping options nearby. And as a low maintenance condo, the exterior and landscaping are already taken care of for you. Invest in your own piece of Cary and move your business right in!

107 Fountain Brook Cir Unit C, Cary

$1,699,000
10159858 MLS ACTIVE Status
Incredible development/renovation opportunity at Glenwood South, in the heart of Downtown Raleigh. A rare chance to build in one of the city's most active and desirable neighborhoods, with a high visibility location, strong foot traffic and walkable access to Raleigh's premier dining, nightlife, and entertainment. Two adjacent parcels (407 & 411 N. Boylan Ave) being sold together as one listing, offering a combined 0.26 acres (0.13 acres each) with three existing dwellings on the 2 lots totaling approx. 4,492 sqft. Zoned OX-3 (mixed-use, residential with business use), the site supports a wide range of uses including detached single-family, townhomes, condos/apartments, retail, office, or a combination of mixed-use development (ex. commercial on the ground floor, residential above). Parcels may be developed together or separately. Maximum building height is 3 stories under current zoning. Subject to NCOD overlay, which includes restrictions on roof pitch, setbacks, and similar design standards (see private agent remarks for details). Rezoning is possible and may allow for higher density or additional stories (several surrounding properties have already done so successfully). Utilities are available. All development potential is subject to final review and approval by surveyors, engineers, and the City of Raleigh. First photos of lots cleared + built on, are all virtually rendered!

407 & 411 N Boylan Ave, Raleigh

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 .