Contacts

Moss Withers

Lee & Associates

Property Details

Property Type Industrial - Manufacturing
Property Size 24,500 SF
Units 1
Lot Size 2.74 Acre
Year Built 1964
Date Updated Nov 10, 2026
HVAC None

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.

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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)