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- LoopNet Team
1617 Ronald Dr
Raleigh, NC 27609
Paddington Station · Retail Property For Sale
Investment Highlights
- Heavy day-time foot traffic, immediately adjacent to busy Walmart shopping center
- Busy and central Raleigh location, between Wake Forest and New Hope Church Rds.
- CAM fees include on-site security
Executive Summary
Situated in a condo strip in a Walmart anchored out-parcel, Paddington Station. Multiple, retail, businesses nearby = heavy foot and automobile traffic 7 days a week! Most recently purchased and up-fit for a dental practice in early 2014. $220k spent in capital improvements for 3,200 sqft. comprised of 6 plumbed operatories (all w/ in-wall plumbed nitrous), a dental lab, patient check-in and out, reception area, Xray/PAN room, sterilization area, 2 business offices, employee and patient restrooms, good sized employee break room and ample storage throughout. Ample parking is available with dedicated spaces in front of the condo. Tenant is responsible for all condo maintenance, regular service and any replacement needs for all of the condo mechanicals. COA is responsible for any roof issues, none known by seller. Steel and masonry construction, each condo is privately owned. Property manager is "GFD". No known COA pending/confirmed assessments .
PROPERTY FACTS
| Property Type | Retail | Number of Floors | 1 |
| Property Subtype | Year Built/Renovated | 2000/2014 | |
| Building Class | B | Parking Ratio | 1.88/1,000 SF |
| Lot Size | 0.65 AC | APN / Parcel ID | |
| Gross Internal Area | 22,997 SF |
| Property Type | Retail |
| Property Subtype | |
| Building Class | B |
| Lot Size | 0.65 AC |
| Gross Internal Area | 22,997 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 2000/2014 |
| Parking Ratio | 1.88/1,000 SF |
| APN / Parcel ID |
Amenities
- Bus Route
- Signage
- Tenant Controlled HVAC
- Air Conditioning
zoning
| Zoning Code | I-1 (Commercial) |
| I-1 (Commercial) |
