615 Peace Street
Raleigh, NC 27605Fully 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
Listing courtesy of Fathom Realty NC. © 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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Find your amount- Exterior Features
- Interior Features
- Property Features
- 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
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