The compelling opportunity with this property is that an investor/developer can purchase a credit-leased income producing property in the heart of Raleigh and either continue simply receiving cash flow from the property or have the property entitled for redevelopment while realizing strong cash flows throughout the process. The future land use plan for the property calls for Commercial Neighborhood Mixed Use (CX) which permits a myriad of higher and better development uses that make clear economic sense including high density residential, neighborhood retail, office, and institutional uses.
- 1859 Capital Blvd. is strategically located inside the Raleigh Beltline, 1.5 miles north of Downtown Raleigh, a short way from the burgeoning core that is making Raleigh one of the most attractive live/work/play destinations in America.
- The city of Raleigh has adopted and begun implementation of The Capital Boulevard Corridor Plan where this property is located, to invest in the beautification and re-invigoration of the gateway corridor of Capital Boulevard between the Beltline and Downtown Raleigh, thus creating a new entrance to Downtown Raleigh.
- The regional light rail recommended in the recently completed analysis calls for a corridor parallel to the existing CSX right of way. The Whitaker Mill Station would be located directly across from our property.
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