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4900 Waters Edge Drive, Raleigh, NC 27606
$3,100,000
4900 Waters Edge Drive, Raleigh, NC 27606View this property at 4900 Waters Edge Drive, Raleigh, NC 27606
4900 Waters Edge DriveRaleighNC27606
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Property Description
Exceptional Investment Opportunity situated in a highly sought-after location! This property offers unmatched convenience, being in close proximity to Raleigh, Cary, Apex, Holly Springs, and R.D.U. Airport. This impressive two-story building spans 22,414 square feet and boasts ample parking space with 80 available spots, all situated on a spacious 1.58-acre site within Waters Edge Office Park. The property is currently fully leased to "Learn with the Best School," a private institution specializing in education for children diagnosed with autism and other disabilities. Recent upgrades include a brand-new $115,000 HVAC chiller, and the interior underwent renovation in 2019. The property generates a Net Operating Income (N.O.I.) of $298,800, and the existing lease runs until December 31, 2024, with 3% escalations in place, along with two five-year renewal options. 8.3% Cap Rate As the landlord, you are responsible for the electric bill, which averages around $2,500 per month, Wake County taxes $23,210, Insurance $4,421. Raleigh/Durham Airport is just 9 miles away and lots of shopping, medical and restaurants nearby!
Full Property Details
Full Property Details for 4900 Waters Edge Dr
General
- Sold For: $3,100,000
- Taxes: $23,210
- Status: Closed
- Type: Office
- MLS ID: 2537467
- Added to Site: 219 day(s) ago
Interior
- Interior Features: Entrance Foyer
Location
- County: Wake
- Building Name: 4900 Waters Edge Dr
- Driving Directions: From RDU Airport Take Interstate 40 East go 8.9 Miles Exit 1 C US 1 North Exit next exit on Jones Franklin Road. Turn Left over the Bridge. Turn Right on Waters Edge Drive. Building on Left 4900 Waters Edge Drive Raleigh, NC
- City Limits: Yes
Utilities
- Utility Description: Electricity Available, Water Available
Structural Information
- Exterior Const.: Brick, Wood Siding
- Roof: Built-Up
- Stories/Levels: 2
- Building Size: 22414
- Square Feet: 22,414
- Year Built: 1977
- Other Struct. Feat.: Total Area Cooled, Total Area Heated
Lot Features
- Lot Size (Acres): 1.58
- Lot Size (Sq. Ft.): 68,824.8
- Lot Dimensions: 329 x 204 x 351 x 156
- Zoning: OX-3
Financial Considerations
- Price Per Acre: $2,278,481.01
- Tax Amount: $23,210
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Special Conditions: Seller Licensed Real Estate Professional
- Lot Number: 7
Listed by Gillooly & Associates Realty, Steve Gillooly (919) 612-9885
Sold by Universal Realty, Angnes Lam
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Schools
Schools serving 4900 Waters Edge Dr
School District:Wake County Schools
Rating | Name | Grades | Distance |
---|---|---|---|
805 Cary Towne Blvd, Cary, NC 27511 | K-5 | 2.4 mi | |
1002 Lufkin Rd, Apex, NC 27539 | 6-8 | 7.2 mi | |
1420 Athens Dr, Raleigh, NC 27606 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4900 Waters Edge Dr
Date
Details
Price
Change
Source
4/16/2024
Sold
$3,100,000
-13.89%
MLS
10/15/2023
Listed
$3,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4900 Waters Edge Drive, Raleigh, NC 27606 (MLS# 2537467) is a Office property that was sold at $3,100,000 on April 16, 2024. Want to learn more about 4900 Waters Edge Drive? Do you have questions about finding other Office real estate for sale in Raleigh? You can browse all Raleigh real estate or contact a Coldwell Banker agent to request more information.