House Description

Prime office opportunity in North Raleigh at 701 Mutual Court. Only the second floor (Suite 200) is for sale. The first floor (Suite 100) is fully leased to Alpha Male Wellness and is not part of the offering. The building totals 8,068 square feet, and the available second floor consists of 4,034 square feet ready for customization. Suite 200 is in vanilla box condition and needs a full build-out, making it ideal for an owner-user who wants to design their space from the ground up. The suite needs sheetrock repair, full interior paint, completion of the framed conference room including sheetrock and doors, installation of two bathrooms in the rear center of the space, interior glass added to several offices facing the waiting area, and final HVAC distribution such as ductwork. The existing layout includes four large offices on the right side, a spacious open lobby and waiting area at the entrance, a large conference room behind the waiting area, three large offices on the left side, and a framed break room on the left-center. The suite was previously occupied by Union Bank, and bank use is restricted until December 18, 2028. The building features large lobbies, elevator access, and a professional presence in one of Raleigh's strongest and most resilient submarkets. The property sits just off Falls of Neuse Road and Strickland Road with easy access to Highway 540, Downtown Raleigh, and RDU International Airport. There is steady traffic flow in the area, strong surrounding demographics, and a GoRaleigh bus stop located directly in the cul-de-sac. Within a three-mile radius, the area includes nearly 69,000 residents and over 31,000 households, with a median home value above $400,000 in nearby neighborhoods. Wake County values the entire building at $3,196,680, and the parcel is zoned OX-4 (Office Mixed Use). This is a rare chance to purchase a full second floor in a well-located North Raleigh office building, perfect for an owner-user or investor seeking a customizable space in a high-growth market. Schedule your showing for Suite 200 at 701 Mutual Court today.

Highlights

Listed by Steve Gillooly , 919-612-9885 and Dylan Floyd Rowe , 919-602-7966 Gillooly & Associates Realty , 919-612-9885. Triangle MLS, Inc. of North Carolina mls logo

Property Type

Commercial Sale

Lot/Acreage

1.79

Year Built

2016

County

Wake

Neighborhood

Bent Tree

Listing ID

10135558

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Payment Breakdown

Principal Interest

$9,538

Taxes

$2,323

Home Price

$1,900,000

Home Price

Loan Details

30 yrs

6.43%

Interest Rate

Loan Type

Down Payment

20%

$380,000

Down Payment

Down Payment %

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Monthly Price:

$9,537.57

Principal

Taxes

	Principal	Taxes	HOA	Total
Monthly	$9,537.57	$2,323.19	$0.00	$11,860.75
Yearly	$114,450.80	$27,878.24	$0.00	$142,329.04
Total	$3,433,524.12	$836,347.20	$0.00	$4,269,871.32