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.