1501-1511 Sunrise Ave
Raleigh, NC 27608

Marcus & Millichap is pleased to present for sale a 48,008 square foot warehouse building and additional land for development. The offering consists of two (2) parcels totaling 3.07 acres. The warehouse building sits on 2.35 acres and was constructed in 1954. The building is 98-percent leased and features first floor warehouse space and basement spaces. There is also one (1) vacant unit of 800+/- square feet which could be used as a retail bay if a new owner spends significant dollars to improve the space. Both parcels are zoned IX-3 and allows multiple uses including multi-unit living, office, medical, retail, warehouse and distribution, and light industrial/manufacturing. The subject property is located near the intersection of Sunrise Avenue and Carson Street adjacent to an active rail line and a new construction CubeSmart Self Storage facility. There are multiple rehab projects that have occurred in the immediate area and directly across the street (on Carson Street) will be the future home of a 32-unit townhome project. Nearby points of interest include Larry’s Coffee, Neuse River Brewing Company, and more. The Five Point neighborhood is located immediately adjacent to the subject property and Downtown Raleigh is within two (2) miles of the subject property. North Hills, a 100+ acre lifestyle center is approximately three (3) miles from the subject property Multi-Family, Office and Retail including Target, REI, and Harris Teeter. In addition, Duke Raleigh Hospital (369 beds) is located four (4) miles from the subject property.