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118 St Marys St 3,546 SF Office Building Raleigh, NC 27605 $2,300,000 ($648.62/SF)
Investment Highlights
- ±3,546 SF two-story building on .0.2 acres
- Seven parking spaces
- Basement storage
- Freestanding, inside-Beltline office building
- Prime Glenwood South location
- New roof in 2024
Executive Summary
Lee & Associates is pleased to present 118 St Mary’s Street, a rare opportunity to acquire a well-maintained, freestanding office building in one of Raleigh’s most desirable and accessible locations. Originally constructed in 1940 and extensively renovated in 2016, this two-story property offers an ideal environment for professional service firms seeking ownership in the urban core.
Located Inside the Beltline, the property provides convenient access to Downtown Raleigh, the Village District, and is immediately adjacent to the vibrant Glenwood South district, offering exceptional connectivity and nearby amenities.
Located Inside the Beltline, the property provides convenient access to Downtown Raleigh, the Village District, and is immediately adjacent to the vibrant Glenwood South district, offering exceptional connectivity and nearby amenities.
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,546 SF
Building Class
C
Year Built
1940
Price
$2,300,000
Price Per SF
$648.62
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
500 SF
Slab To Slab
9’
Building FAR
0.41
Lot Size
0.20 AC
Zoning
RB - RB
Parking
1 Spaces (2 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1703.06-39-6889-000 | Improvements Assessment | $426,878 |
| Land Assessment | $918,245 | Total Assessment | $1,345,123 |
Property Taxes
Parcel Number
1703.06-39-6889-000
Land Assessment
$918,245
Improvements Assessment
$426,878
Total Assessment
$1,345,123
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
118 St Marys St