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327 S Wilmington St
Raleigh, NC 27601
327 S. Wilmington Street, Raleigh, NC · Retail Property For Sale

Investment Highlights

  • Walkable (Walk score: 98)
  • City Center
  • Natural light
  • Bikeable (Bike score: 92)
  • High ceilings
  • Reserved parking

Executive Summary

Property Summary This property is located at 327 S Wilmington St, Raleigh, NC, comprising a 4,240 square foot condo on a 0.17-acre lot. The building is zoned DX-5-UL and is situated in downtown Raleigh, an area characterized by a mix of commercial, residential, and retail uses. The building, constructed in 2008 and improved in 2014, has been well-maintained and includes a restaurant space with dining and kitchen areas, including both walk-in refrigerator and freezer, prep area, two dry storage areas, seven parking deck spaces next to the rear door, grease trap storage, and upstairs mezzanine with an apartment/office/storage area and full bathroom with shower. There is a strong demand for commercial properties in the downtown Raleigh area, with this space located on a busy street close to the city’s center. The local economy is robust, supported by a diverse employment base and a growing population. Comparable sales of similar properties in the area indicate a competitive market with ever-rising property values.

Property Facts

Property Type Retail
Property Subtype
Storefront Retail/Office
  • General Retail Restaurant
Building Class C
Lot Size 1.23 AC
Gross Leasable Area 4,200 SF
No. Stories 1
Year Built/Renovated 2008/2014
Tenancy Single
Parking Ratio 1.67/1,000 SF
APN / Parcel ID
1703.35-77-5623-000
  • 1703.35-77-5623-003
Zoning DX-40-SH - The subject site is zoned DX-40-SH (Downtown Mixed Use - 40 Stories - Shopfront Frontage) by the City of Raleigh.

Amenities

  • 24 Hour Access
  • Restaurant
  • Security System
  • Wheelchair Accessible
  • Storage Space
  • Smoke Detector
  • Listing ID: 32350666

  • Date on Market: 7/4/2024

  • Last Updated:

  • Address: 327 S Wilmington St, Raleigh, NC 27601

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