Log In/Sign Up
227 Fayetteville St
Raleigh, NC 27601
Creative REO Office - Downtown Raleigh · Office Property For Sale
Investment Highlights
- Lender REO sale well below appraised value with attractive 65% seller financing available and in-place NOI of approximately $2.0 million.
- In the epicenter of growing downtown Raleigh, just steps away from the State Capitol, restaurants, hotels, shops, and new residential towers.
- 11,000 SF office floors all updated with exposed ceilings and column-free open-plans, ideal for smaller tech and creative tenants in the market.
- 100% leased 101,466 SF building substantially redeveloped less than 10 years ago and was previously the regional headquarters of Wachovia Bank.
- Mix of office and 28,355 SF of retail with 6 tenants, including 3 headquarters and the flagship downtown YMCA fitness facility which opened in 2018.
- Tremendous future upside potential with significant mark-market opportunity as the gap between in-place rents and new construction expands.
Property Facts
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Office/Residential
Building Size
101,466 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1964/2016
Percent Leased
89%
Tenancy
Multiple
Building Height
10 Stories
Typical Floor Size
10,147 SF
Slab To Slab
13’
Building FAR
8.96
Lot Size
0.26 AC
Parcel Number
1703.34-78-1056-000
Zoning
BUS - Business
Amenities
- Bus Line
- Fitness Center
- Restaurant
- Signage
- Air Conditioning
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
