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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
Property Subtype
Storefront Retail/Office
  • General Retail Storefront
  • Office Medical
Building Class B
Lot Size 0.65 AC
Gross Leasable Area 22,997 SF
No. Stories 1
Year Built/Renovated 2000/2014
Parking Ratio 1.88/1,000 SF
APN / Parcel ID
1716.19-60-0307-000
  • 1716.19-60-1317-000
  • 1716.19-60-3367-000

Amenities

  • Bus Line
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning

zoning

Zoning Code I-1 (Commercial)
I-1 (Commercial)
  • Listing ID: 16822279

  • Date on Market: 2019-08-05

  • Last Updated:

  • Address: 1617 Ronald Dr, Raleigh, NC 27609

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