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Off Market
1/41

327 S Wilmington St
Raleigh, NC 27601


HIGHLIGHTS

  • Walkable (Walk score: 98)
  • Bikeable (Bike score: 92)
  • City Center
  • High ceilings
  • Natural light
  • Reserved parking

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

327 S. Wilmington Street, Raleigh, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

4200

STORIES

1

YEAR BUILT

2008

SPRINKLERS

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PARKING SPACES

57

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

1703.35-77-5623-003