Raleigh, NC 27605 615 W Peace Street #110
$909,000
Pending
1 more
Presented By: Fathom Realty NC;
Home Details
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.
Presented By: Fathom Realty NC;
Interior Features for 615 W Peace Street #110
Other Interior Features
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
General for 615 W Peace Street #110
AccessibilityAccessible Approach with Ramp
Attached Garage No
Building Area UnitsSquare Feet
Building Name615 Peace Condominiums
Business TypeFitness, Health Services, Other
Carport Y/NNo
CityRaleigh
Construction MaterialsBrick
CoolingCentral Air
CountyWake
DirectionsFrom Wade Avenue, take Glenwood South. Make a right on Peace Street. Building is on the left immediately before Boylan.
Energy EfficientHVAC, Lighting, Water Heater
Garage Y/NNo
HOANo
Lease Considered Y/NNo
Living Area UnitsSquare Feet
Lot Size Square Feet13939.2
Lot Size UnitsSquare Feet
ModificationTimestamp2025-04-21T17:23:42.000Z
New ConstructionYes
Ok to LeaseOther
Property Attached Y/NNo
Property SubtypeRetail
Property TypeCommercial Sale
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusPending
StatusActive Under Contract
Subdivision Name615 Peace St
Tax Annual Amount2500
Unit Number110
UtilitiesElectricity Available, Electricity Connected, Sewer Available
Waterfront Y/NNo
Year Built2024
ZoningCX4-UG-CU
Exterior for 615 W Peace Street #110
Building Area Total2050
Exterior AmenitiesAwning(s)
Foundation DetailsBlock
Horse Y/NNo
Lot Dimensions50 x 159
Lot Size Acres0.32
Lot Size Area13939.2
Number of Buildings1
Open Parking Y/NNo
SpaNo
Additional Details
Price History
Nina Gervase
Realtor
