Property Summary
This property is located at 327 S Wilmington St, Raleigh, NC, comprising a 4,240 square foot condo on a 0.17-acre lot. The building is zoned DX-5-UL and is situated in downtown Raleigh, an area characterized by a mix of commercial, residential, and retail uses. The building, constructed in 2008 and improved in 2014, has been well-maintained and includes a restaurant space with dining and kitchen areas, including both walk-in refrigerator and freezer, prep area, two dry storage areas, seven parking deck spaces next to the rear door, grease trap storage, and upstairs mezzanine with an apartment/office/storage area and full bathroom with shower. There is a strong demand for commercial properties in the downtown Raleigh area, with this space located on a busy street close to the city’s center. The local economy is robust, supported by a diverse employment base and a growing population. Comparable sales of similar properties in the area indicate a competitive market with ever-rising property values.