1613 Ronald Dr
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1613 Ronald Dr
2,493 SF Retail Building Raleigh, NC 27609 £758,410 (£304/SF)
Investment Highlights
- Great location near the Wake Forest Rd intersection offering 37,577 Vehicles per day on Wake Forest Rd.
- Currently an established Car Sales business, purchase includes all shop equipment.
- Signage available to heavy traffic area.
- Situated in a growing community with high median income.
Executive Summary
Excellent location for an auto retail or repair business in Raleigh NC! The property has an established auto sales business in place at 1613 Ronald Dr., just off Wake Forest Rd with high visibility. The Traffic counts on Wake Forest Rd are over 37,000 vehicles per day. Raleigh’s growing community has a high median income making this location perfect for auto retail and retail in general.
1613 Ronald Dr. has two buildings on the .45-acre lot. The sales office is near the front of the property and offers a spacious 2,026-square-foot updated interior space. The repair garage is located in the rear of the lot and has three drive-in doors and a separate office space. There is plenty of parking on the lot. All auto repair equipment, including vehicle lifts, convey with the sale of the property.
1613 Ronald Dr. has two buildings on the .45-acre lot. The sales office is near the front of the property and offers a spacious 2,026-square-foot updated interior space. The repair garage is located in the rear of the lot and has three drive-in doors and a separate office space. There is plenty of parking on the lot. All auto repair equipment, including vehicle lifts, convey with the sale of the property.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,493 SF
Building Class
C
Year Built
1963
Price
£758,410
Price Per SF
£304
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Land Acres
0.45 AC
Zoning
CX-3 - Neighborhood Business
Parking
12 Spaces (5.92 Spaces per 1,000 SF Leased)
Frontage
150 ft on Ronald Dr.
Amenities
- Fenced Lot
- Air Conditioning
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
9,912
94,375
250,313
458,725
2029 Population
10,725
102,447
272,316
493,173
2024-2029 Projected Population Growth
8.2%
8.6%
8.8%
7.5%
Median Age
35.2
37.7
37.7
37.0
College Degree + Higher
30%
46%
50%
33%
Daytime Employees
17,484
110,747
236,218
330,256
Total Businesses
2,021
10,084
22,856
36,480
Average Household Income
$69,460
$98,761
$106,271
$103,600
Median Household Income
$47,597
$72,963
$77,407
$75,552
Total Consumer Spending
$100M
$1.3B
$3.5B
$6.1B
2024 Households
4,066
41,668
108,985
190,484
Average Home Value
$345,413
$416,097
$439,786
$415,952
$ values in USD
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1716.19-50-9403-000 | Improvements Assessment | £286,655 |
| Land Assessment | £169,477 | Total Assessment | £456,132 |
PROPERTY TAXES
Parcel Number
1716.19-50-9403-000
Land Assessment
£169,477
Improvements Assessment
£286,655
Total Assessment
£456,132
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1613 Ronald Dr
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