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Transfer Co. Food Hall - Downtown Raleigh 500 E Davie St 26,634 SF 100% Leased Retail Building Raleigh, NC 27601 For Sale

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Investment Highlights

  • Strategic Location.
  • Fully Renovated in 2018.

Executive Summary

York Properties is pleased to bring to market the iconic Transfer Co. Food Hall, a landmark investment opportunity in the heart of downtown Raleigh. This historic 1920s building underwent a full renovation in 2018 blending its original architectural character with modern functionality to create a vibrant food hall and community gathering space. Strategically located just blocks east of the ongoing Moore Square redevelopment, the property is well positioned to benefit from the area’s continued growth. The property offers a diverse tenant mix, strong in-place income, and significant value-add potential. Recent upgrades minimize near-term capital needs, making this a dynamic, adaptable asset in one of Raleigh’s most sought-after neighborhoods.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
26,634 SF
Building Class
B
Year Built/Renovated
1926/2018
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.55
Lot Size
1.12 AC
Zoning
IX-3-UL-CU - Industrial Mixed Use
Parking
52 Spaces (1.95 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line
  • Conferencing Facility
  • Corner Lot
  • Courtyard
  • Food Court
  • Property Manager on Site
  • Restaurant
  • Security System
  • Signage
  • Skylights
  • Tenant Controlled HVAC
  • Kiosk/Cart Space
  • Air Conditioning
  • Balcony

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Wholesaler
  • -
  • -
  • -

We believe that the very best food can be healthy, cooked at home with simple ingredients, and have the power to both unite and support families and communities. Our goal is to deliver amazing, fresh food of unparalleled quality to a community that understands and appreciates the importance of communal eating and sustainable agriculture. Our grocery products and our food hall menu are built on the foundations of fresh food crafted in house from the best and most sustainable sources. The results are instantly obvious: an unparalleled flavor that simply can’t be replicated by industrial agriculture and food production. The farms we source from raise healthy animals in pastures unadulterated by herbicides and pesticides. As the result of years of sustainable agriculture practices, and opposite of almost all modern farming, these farm pastures do not require fertilizer, and they are actively putting carbon content back into the earth. Supporting farms like these is quite literally helping

  • Accommodation and Food Services
  • -
  • -
  • -

They make great bagels using fresh-milled, pre-fermented heirloom grains, extended fermentation and a wood-fired oven. And they make great coffee using their vintage, retrofitted La Marzocco Linea, artful finesse, and big-time joy. They make a great fried bologna sandwich. Their menu employs high-brow ingredients but is meant to be playful, hearty and unpretentious. As a team, they are committed to three fundamentals: Do your best. Don’t take yourself too seriously. Enjoy the ride.

  • Accommodation and Food Services
  • -
  • -
  • -

Fueled by a passion for the cuisines of Asia and beyond, they craft dishes with boundless flavors and customizability. Using the freshest possible ingredients, they offer a variety of mouth-watering signature boxes inspired by their favorite destinations, as well as a variety of customizable options to please fitness enthusiasts and carboholics alike. Guests are invited to walk through their doors and experience a journey of flavor, with something for everyone to enjoy.

  • Accommodation and Food Services
  • -
  • -
  • -

Captain Cookie & the Milk Man is a privately held dessert company founded in 2012 by Kirk Francis in Washington, D.C. The business began as a single food truck and has grown into a regional brand with multiple brick-and-mortar locations and a fleet of cookie trucks serving the DC metro area and Raleigh, North Carolina. The company specializes in small-batch, made-from-scratch cookies, ice cream sandwiches, milkshakes, and locally sourced dairy products. Known for its community engagement, Captain Cookie dedicates a portion of its profits to hunger relief initiatives and local school programs. Over the years, the brand has expanded to include catering services, delivery options, and subscription boxes, while maintaining its commitment to quality ingredients and sustainability.

  • Accommodation and Food Services
  • -
  • -
  • -

Welcome to Che Empanadas, a little corner of Argentina right here in Raleigh. We're proud to serve the most delicious, authentic handmade empanadas this side of Buenos Aires. They are great for parties, business lunches, weddings, and personal enjoyment. We deliver hot and ready to eat, or frozen for quick, delicious meals at home as you need them. From start to finish, you're sure to enjoy every last bite of our empanadas, all made from family recipes from Moises Ville, Argentina.

  • Accommodation and Food Services
  • -
  • -
  • -

Chhote’s brings a taste of the Mumbai street-food scene with a variety of authentic bite-sized offerings in an atmosphere designed to cultivate conversation. Chhote’s is best known for its variety of Indian cuisines that provide customers a memorable experience. It is a family-friendly, relaxed eatery where employees and regular customers become like family. The menu is extensive and with a great variety of options, including Vegan. Providing seamless service that helps guests enjoy the pleasures of an elegant meal. It’s designed by Anson Fernandes, a Mumbai native and founder of Biryani Maxx in Cary, NC, which was named as one of the Triangle’s three “brightest hidden culinary gems” by News and Observer’s Greg Cox in 2017.

  • Accommodation and Food Services
  • -
  • -
  • -

Dank /daNGk/ adjective: Exceptionally high quality, fresh and craveable. Example: "They unapologetically serve the dankest burritos and tacos on the planet." So fresh it hurts. They prep all of our ingredients by hand every day, and they've got the callouses to prove it. They're chefs at our roots. Excellence is their game. They shun the shortcuts and embrace the hustle and craft of a real kitchen. They don't know how to do it any other way. Flavors so good, they'll make you write a bad check. They take our favorite flavors from the most addicting street foods around the world and wrap them up in a package of danky goodness.

  • Accommodation and Food Services
  • -
  • -
  • -

Mama Crow's Burger & Salad Shop offers a menu of fresh, locally sourced salads, fresh, top-quality burgers, house-made cheeses and hand-cut fries at Transfer Co. Food Hall in downtown Raleigh. Certified-angus beef 100% chuck burgers that are fresh ground daily, and salads based on what we find in our local southern gardens.

  • Services
  • -
  • -
  • -

Transfer Co. Ballroom is a rentable venue, event space and gathering place in downtown Raleigh designed to accommodate gatherings from luncheons, parties, conferences & more — all with full catering access to the food hall and the site’s distinct vendors & restaurants. The event space will also offer a rotating calendar of live music, pop-ups, artisan markets and community activities.

  • Services
  • -
  • -
  • -

We designed Transfer Co. Work Hall to encourage members and guests alike to share knowledge, maximize collaboration and spark innovation. A 50+ desk coworking space in downtown Raleigh with various levels of membership designed to encourage collaboration and innovation across all levels of startups within and outside of the food industry.

Tenant Industry SF Occupied Rent/SF Lease End
Wholesaler - - -
Accommodation and Food Services - - -
Accommodation and Food Services - - -
Accommodation and Food Services - - -
Accommodation and Food Services - - -
Accommodation and Food Services - - -
Accommodation and Food Services - - -
Accommodation and Food Services - - -
Services - - -
Services - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 110
  • 600-5,100 SF
  • Retail
  • -
  • Now

Established opportunity to lease bar space at Transfer Co. Food Hall. Exclusive full ABC permit to entire food hall and courtyard with the exception of two suites. Rental rates negotiable and based on entire shared dining hall. ABC permit currently includes Transfer Co Ballroom which could be leased along with this opportunity.

  • 116
  • 650-2,500 SF
  • Restaurant
  • -
  • 120 Days

Transfer Co. has continually kept a 95%+ retention rate. In the event a space does come up, there are various suite opportunities ranging from 600sf to 2,500sf for food vendors, 3,550sf for office tenants, and 3,722sf for events/catering venues. Vendors are the top in their class. Please contact Jason Queen for more information. Further stalls/suites to be added in new building (419 S East St) across back courtyard as well.

  • 160
  • 3,722 SF
  • Retail
  • In-Line
  • Now

Event Space for Lease - Suite 160 at Transfer Co Food Hall Downtown Raleigh’s Premier Event Venue Located within the iconic Transfer Co. Food Hall in downtown Raleigh, Suite 160 is a premier event space and ballroom designed to elevate any occasion. Whether hosting live music, performances, corporate luncheons, receptions, or private events, this versatile venue offers an ideal setting for a variety of gatherings. Key Features: Perfect for Live Events & Private Gatherings: Spacious ballroom setup ideal for receptions, meetings, performances, and corporate events. Fully Equipped A/V Package: Professional-grade stage, soundproofing, and built-in audio/visual system for seamless presentations and entertainment. Exposed Historic Charm: Exposed brick walls, high ceilings, and a timeless atmosphere within a renovated historic building. Exclusive Catering: Access to a curated catering menu from Transfer Co. Food Hall vendors, providing diverse culinary options for every occasion. Seating for Up to 150 Guests: Includes tables and chairs, designed to accommodate a range of event styles. 300 Person capacity as a stand up concert style event. Convenient Amenities: Includes food prep area, private bathrooms, storage, and a private entrance from S. East Street. Interconnected to Transfer Co Food Hall and Burial Brewery's Outpost: Seamlessly connected to top food vendors and an exceptional brewery, perfect for pre-event dining or post-event relaxation. Location: Dedicated entrance off S. East Street for privacy and accessibility. Direct internal connection to Transfer Co. Food Hall and Burial Brewery’s Outpost. Situated in the heart of downtown Raleigh, with convenient access to the city’s thriving cultural and business districts. Whether you’re planning an intimate gathering or a grand celebration, Suite 160 offers everything you need to host an unforgettable event. Schedule a tour today to see why this space is the Triangle’s leading destination for live music, performances, and private events.

Space Size Space Use Position Available
110 600-5,100 SF Retail - Now
116 650-2,500 SF Restaurant - 120 Days
160 3,722 SF Retail In-Line Now

110

Size
600-5,100 SF
Space Use
Retail
Position
-
Available
Now

116

Size
650-2,500 SF
Space Use
Restaurant
Position
-
Available
120 Days

160

Size
3,722 SF
Space Use
Retail
Position
In-Line
Available
Now

110

Size 600-5,100 SF
Space Use Retail
Position -
Available Now

Established opportunity to lease bar space at Transfer Co. Food Hall. Exclusive full ABC permit to entire food hall and courtyard with the exception of two suites. Rental rates negotiable and based on entire shared dining hall. ABC permit currently includes Transfer Co Ballroom which could be leased along with this opportunity.

116

Size 650-2,500 SF
Space Use Restaurant
Position -
Available 120 Days

Transfer Co. has continually kept a 95%+ retention rate. In the event a space does come up, there are various suite opportunities ranging from 600sf to 2,500sf for food vendors, 3,550sf for office tenants, and 3,722sf for events/catering venues. Vendors are the top in their class. Please contact Jason Queen for more information. Further stalls/suites to be added in new building (419 S East St) across back courtyard as well.

160

Size 3,722 SF
Space Use Retail
Position In-Line
Available Now

Event Space for Lease - Suite 160 at Transfer Co Food Hall Downtown Raleigh’s Premier Event Venue Located within the iconic Transfer Co. Food Hall in downtown Raleigh, Suite 160 is a premier event space and ballroom designed to elevate any occasion. Whether hosting live music, performances, corporate luncheons, receptions, or private events, this versatile venue offers an ideal setting for a variety of gatherings. Key Features: Perfect for Live Events & Private Gatherings: Spacious ballroom setup ideal for receptions, meetings, performances, and corporate events. Fully Equipped A/V Package: Professional-grade stage, soundproofing, and built-in audio/visual system for seamless presentations and entertainment. Exposed Historic Charm: Exposed brick walls, high ceilings, and a timeless atmosphere within a renovated historic building. Exclusive Catering: Access to a curated catering menu from Transfer Co. Food Hall vendors, providing diverse culinary options for every occasion. Seating for Up to 150 Guests: Includes tables and chairs, designed to accommodate a range of event styles. 300 Person capacity as a stand up concert style event. Convenient Amenities: Includes food prep area, private bathrooms, storage, and a private entrance from S. East Street. Interconnected to Transfer Co Food Hall and Burial Brewery's Outpost: Seamlessly connected to top food vendors and an exceptional brewery, perfect for pre-event dining or post-event relaxation. Location: Dedicated entrance off S. East Street for privacy and accessibility. Direct internal connection to Transfer Co. Food Hall and Burial Brewery’s Outpost. Situated in the heart of downtown Raleigh, with convenient access to the city’s thriving cultural and business districts. Whether you’re planning an intimate gathering or a grand celebration, Suite 160 offers everything you need to host an unforgettable event. Schedule a tour today to see why this space is the Triangle’s leading destination for live music, performances, and private events.

Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

9round Fitness
YMCA
Starbucks
First Citizens Bank
Barcelona Wine Bar
Cook Out
The Brass Tap
Raleigh Cross Fit
Stretch Zone
Club Pilates

Property Taxes

Property Taxes

Parcel Number
1703.44-97-1145-000
Land Assessment
$1,949,529
Improvements Assessment
$2,194,417
Total Assessment
$4,143,946
  • Listing ID: 37601316

  • Date on Market: 9/9/2025

  • Last Updated:

  • Address: 500 E Davie St, Raleigh, NC 27601

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