701 Mutual CT, Raleigh, NC 27615
701 Mutual CT, Raleigh, NC 27615
701 Mutual CT, Raleigh, NC 27615
701 Mutual CT, Raleigh, NC 27615
701 Mutual CT, Raleigh, NC 27615
701 Mutual CT, Raleigh, NC 27615
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Bill Nagel

Bill Nagel

+1(919) 434-6923
Listed by Gillooly & Associates Realty
$ 1,650,000
Est. payment | /mo

4,034 SqFt

Save
$ 1,650,000
Est. payment | /mo
Save

4,034 SqFt

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 4,034 sqft

Price per Sqft $409

Subdivision Bent Tree

MLS Listing ID 10135558

HOA Y/N No

Year Built 2016

Annual Tax Amount $27,878

Lot Size 4,034 Sqft

Acres 1.79

Lot Dimensions 397 x 40 x 165 x 436

Property Sub-Type Office

Source Doorify MLS

Land Area 4034

Property 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.

Location

State NC

County Wake

Community Bent Tree

Area 1.79

Zoning OX-4

Interior

Interior Features Open Floorplan, Tray Ceiling(s)

Cooling Central Air

Flooring Concrete

Fireplace No

Exterior

Garage Spaces 26.0

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Total Parking Spaces 26

Garage No

Building

Lot Description Corner Lot, Cul-De-Sac, Few Trees, Near Public Transit, Open Lot, Paved

Water Public

New Construction No

Others

Tax ID 1708908294

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Doorify MLS

Schools and Properties Nearby

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Bill Nagel
Bill Nagel

Agent | License ID: 355020

+1(919) 434-6923 | bill@bliss-realestate.com

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701 Mutual CT