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405 Morson St 2,025 SF Office Building Raleigh, NC 27601 $895,000 ($441.98/SF)
Investment Highlights
- ±2,025 SF commercial building
- Suitable for office, creative, or mixed-use concepts
- Zoning: OX-3 (Office Mixed Use – up to 3 stories)
Executive Summary
Located near Downtown Raleigh, this ±2,025 SF commercial building at 405 Morson St, Raleigh, NC presents an excellent opportunity for office users, investors, or future redevelopment. The property is zoned OX-3 (Office Mixed Use – up to 3 stories), allowing for a variety of commercial and mixed-use applications.
The OX-3 zoning allows building heights of up to three stories, creating potential for future expansion or redevelopment in one of Raleigh’s rapidly growing urban areas. The property is ideal for professional offices, creative studios, small business headquarters, or live-work concepts, depending on permitted uses.
Situated just minutes from Downtown Raleigh, the location provides convenient access to major employment centers, restaurants, retail, and surrounding residential neighborhoods. The area continues to see steady growth and redevelopment, making this property attractive for both owner-users and investors.
The OX-3 zoning allows building heights of up to three stories, creating potential for future expansion or redevelopment in one of Raleigh’s rapidly growing urban areas. The property is ideal for professional offices, creative studios, small business headquarters, or live-work concepts, depending on permitted uses.
Situated just minutes from Downtown Raleigh, the location provides convenient access to major employment centers, restaurants, retail, and surrounding residential neighborhoods. The area continues to see steady growth and redevelopment, making this property attractive for both owner-users and investors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,025 SF
Building Class
B
Year Built/Renovated
1910/2014
Price
$895,000
Price Per SF
$441.98
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,500 SF
Building FAR
0.55
Lot Size
0.08 AC
Zoning
OX-3 - Zoning District: OX-3 — Office Mixed Use
Governing Ordinance: City of Raleigh Unified Development Ordinance (UDO)
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Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (75)
Bike Score®
Very Bikeable (88)
Property Taxes
| Parcel Number | 1703.28-88-9816-000 | Improvements Assessment | $125,169 |
| Land Assessment | $427,500 | Total Assessment | $552,669 |
Property Taxes
Parcel Number
1703.28-88-9816-000
Land Assessment
$427,500
Improvements Assessment
$125,169
Total Assessment
$552,669
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405 Morson St
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