701 Mutual Ct - Office FOR SALE


Raleigh, NC 27615- North Raleigh
$3,600,000 USD
919-612-9885
701 Mutual Ct, Raleigh, NC for Sale
$3,600,000 USD
Office - FOR SALE
1/87
null | Request Cap Rate

NEW


701 Mutual Ct
Raleigh, NC 27615
North Raleigh


HIGHLIGHTS

  • Entire 8,068 SF Office Building For Sale | Income + Upside
  • Excellent Road Frontage and Visibility along Strickland & Falls Of Neuse Road
  • Close to Major Highways, Amenities, and Growth Corridors
  • Immediate Cash Flow with Strong Leasing Upside - Or End Use Potential
  • Fully Leased 1st Floor + Vacant 2nd Floor Value-Add
  • North Raleigh Office Asset | Elevator | Prime Location

OVERVIEW

Prime Commercial Offering: Entire Building For Sale | 701 Mutual Court, Raleigh, NC Explore a rare ownership opportunity in the heart of North Raleigh. The entire 2-story, 8,068 sq. ft. building is for sale, offering immediate income plus upside through leasing and build-out of the vacant space. Building Overview: Total Building Size: 8,068 sq. ft. Configuration: Two floors, 4,034 sq. ft. per floor Features: Spacious lobbies and elevator access Current Occupancy: First Floor (Suite 100): Fully leased (4,034 sq. ft.) to Alpha Male Wellness. Second Floor (Suite 200): Currently not leased (vacant) and ready for customization. Suite 200 Details | 4,034 sq. ft. (Second Floor) The entire second floor is in Vanilla Box condition and requires completion to meet a tenant’s needs. Work needed includes: Sheetrock repair and paint throughout Build out the center conference room (sheetrock and doors added to existing steel studs) Install two complete bathrooms (back center of the space) Add glass to several offices facing the waiting area Complete necessary HVAC work (including air ducts, etc.) Layout includes: Four large offices on the right side Large open/waiting area at the front lobby entrance Large conference room behind the waiting area Three large offices on the left side Break room in the center on the left side Two bathrooms are needed in the back center Note: Suite 200 was previously occupied by Union Bank (bank use prohibited for 5 years). Location Excellent North Raleigh address just off Falls of Neuse Road and Strickland Road, near Highway 540. High-visibility corridor with strong traffic patterns and easy access to major destinations. Demographics: 68,972 residents within a 3-mile radius 31,015 households within a 3-mile radius Median home value: $401,515 (2-mile radius) Accessibility: Approx. 13,000 vehicles per day 9 miles to Downtown Raleigh 12 miles to RDU International Airport GoRaleigh bus stop located directly in the cul-de-sac Investment Details: Wake County Tax Value (entire building): $3,196,680 Parcel ID: 1708908294 Zoning: Office Mixed Use (OX-4) Why 701 Mutual Court? Income + upside: leased first floor with value-add second floor Strategic location: high-growth North Raleigh/RTP trade area Flexible use: ideal for owner-user, investor, or partial owner-user strategy This is a rare opportunity to acquire a premier office property in one of North Carolina’s most desirable and resilient submarkets. Schedule a showing today.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$423 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

77,972 SF

ZONING

OX-4

APN/PARCEL ID

1708.20-90-8294-000

ASK ABOUT THIS PROPERTY

Steve GilloolyGillooly & Associates Realty, LLCMore Info
919-612-9885

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Steve GilloolyGillooly & Associates Realty, LLCMore Info
919-612-9885

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.