- For Sale $6,670,000
- Property Type Industrial - Manufacturing
- Property Size 24,500 SF
- Units 1
- Lot Size 2.74 Acre
- Year Built 1964
- Date Updated Oct 6, 2026
- HVAC None
Description
Positioned along New Bern Avenue / US-64 Business in east Raleigh, the property offers convenient connectivity to I-440, I-87 / US-64, and the greater Triangle. The location provides efficient access to Downtown Raleigh and major regional transportation corridors while benefiting from an established industrial and commercial setting.5115 New Bern Avenue presents a unique industrial investment opportunity featuring ±24,500 SF on ±2.74 acres in Raleigh. The property combines in-place NNN income from two tenants with approximately 1.2 acres of fenced outdoor storage, providing a stable investment opportunity with immediate income and long-term upside.
Highlights
- ±1.2 acres of fenced outdoor storage (IOS)
- ±16,500 SF occupied by Metal Depot
- ±24,500 SF industrial building on ±2.74 acres
- ±8,000 SF occupied by National Coatings
- Four (4) drive-in doors
- Functional, well-appointed office buildout
- High Traffic Exposure: New Bern Ave / US-64 Business: 48,000 VPD; I-440: 122,000 VPD; I-87: 98,000 VPD
- IX-3 zoning
- Paved and fenced site
- SALE PRICE: $6,670,000 (6.4% Cap Rate)
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Contacts
Moss Withers
Location
Located at 5115 New Bern Ave, Raleigh, NC 27610, this property is part of the Village Lakes neighborhood and Raleigh Durham market.
Contact Listing Broker
Moss Withers
