615 Peace Street

Raleigh, NC 27605

615 Peace Street

Raleigh, NC 27605
Active Under Contract ID# 10084526

Fully Leased, Turnkey Investment Opportunity in Raleigh's Hottest District. Brand new, fully built-out retail unit at the 615 Peace luxury condo building in Glenwood South. Leased to Beem Light Sauna through 2034, offering long-term stability with 3% annual rent increases. Directly next to Starbucks and Mellow Mushroom. Priced competitively at a 7.5 CAP on existing rents. Extensive tenant improvements—including HVAC, plumbing, and electric— in place, making this a truly turnkey investment. Located in a high-visibility area with over 14,000 cars/day. A rare chance to own a fully leased retail unit in a prime location.

$909,000 bedrooms full bathrooms 0.32 acres 2,050 square feet $443 per square foot

Additional Property Information

  • TypeRetail
  • Built2024
  • Neighborhood615 Peace St
  • CountyWake
  • AreaRaleigh
  • Elementary School
  • Middle School
  • High School
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  • Construction Materials Brick
  • Exterior Features Awning(s)
  • Lot Size Acres 0.32
  • Cooling Central Air
  • Cooling Y/N Yes
  • Flooring Laminate
  • Heating Y/N Yes
  • Building Name 615 Peace Condominiums
  • Tax Annual Amount 2500
  • Year Built 2024