- For Lease $4.95/SF/YR
- Property Type Industrial - Warehouse/Distribution
- Property Size 29,128 SF
- Year Built 1997
- Date Updated Feb 19, 2025
- HVAC None
Reach out to the broker for more info on lease terms and amenities
Highlights
- ±29,128 SF industrial space for lease
- ±1,000 SF office
- 25' clear, 20' at the eaves
- Neighborhood Business (NB) zoning
- Three-phase, 480V power
- Wet sprinkler
- Updated lighting throughout
- Currently unconditioned, but two 30-ton package units on roof
- One 10 x 10 dock high door
- One 12 x 14 dock high door
- One 12 x 14 drive-in door
- Available May 21, 2025
- Lease Rate: $4.95 SF/yr NNN
- TICAM estimate $0.75 SF/yr ($1,820.50/month, includes power)
True
Spaces Available
116 Penn Avenue |
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Contacts
Location
Getting Around
-
Walk Score ®
46/100
Car-Dependent
-
Bike Score ®
47/100
Somewhat Bikeable
- City Oxford, NC
- Zip Code 27565
- Market Raleigh Durham
Points of Interest
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Speedway
1.00 miles
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Shell
1.12 miles
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Citgo
4.54 miles
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College Station
5.86 miles
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Tesla Supercharger
8.21 miles
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Sheetz
8.25 miles
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Exxon
8.25 miles
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Stovall Quick Stop
9.48 miles
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Harvest Restaurant
0.39 miles
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Little Caesars
0.97 miles
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McDonald's
1.04 miles
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Burger King
1.04 miles
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Cook Out
1.05 miles
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KFC/Taco Bell
1.05 miles
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Wendy's
1.10 miles
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Popeyes
1.13 miles
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Pizza Hut
1.14 miles
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Subway
1.16 miles
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Food Lion
0.88 miles
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Walmart Supercenter
2.27 miles
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Belk
8.42 miles
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Marshalls
8.42 miles
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ALDI
8.72 miles
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Ollie's Bargain Outlet
9.02 miles
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Walgreens
0.19 miles
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CVS Pharmacy
0.41 miles
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Professional Pharmacy
0.85 miles
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Granville Medical Center
1.01 miles
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Corinth Volunteer Fire Department
6.64 miles
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BEREA FIRE STATION
7.96 miles
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Maria Parham Health
8.15 miles
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Stovall Volunteer Fire Department
9.33 miles
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Hicksboro Volunteer Fire Department
9.71 miles
Frequently Asked Questions
The average rental rate for industrial/warehouse space at 116 Penn Ave is $4.95/SF/YR. Generally, the asking price for warehouse spaces varies based on the location of the property, with proximity to transportation hubs, access to highways or ports playing a key role in the building’s valuation. Other factors that influence cost are the property’s age, its quality rating, as well as its onsite facilities and features.
The property at 116 Penn Ave was completed in 1997. In total, 116 Penn Ave incorporates 29,128 square feet of Warehouse/Distribution space.
For more details on this listing and available space within the building, use the contact form at the top of this page to schedule a tour with a broker.
Contact the property representative for more information on vehicle access and parking options at or near this property, as well as additional amenities that enhance the tenant experience at 116 Penn Ave.
Reach out to the property representative or listing broker to find out more about climate control capabilities at this property. Climate control is typically present in industrial buildings that are suited to store items susceptible to temperature and damage from humidity, such as food, pharmaceuticals, paper, textiles, and electronics.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
Lee & Associates - Raleigh Durham
