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516 W Peace St 1,708 SF Office Building Raleigh, NC 27603 $1,295,000 ($758.20/SF)
Investment Highlights
- Prime Office Location
- Alley access as well; Tall ceilings and hardwood floors, lots of character in this classic building perfect for an office or retail use
- Excellent sign frontage visibility on Peace St. by Glenwood Ave.
Executive Summary
Prime Office Location and Investment opportunity. Detached home with loads of character located in high traffic area with additional side alley access to parking and access from another street. High visibility for signage in the front facing both Peace St. and visible from Glenwood Ave. 5 rooms plus a full bathroom and rear mud room and laundry room and includes a full kitchen. The classic 1908 home is in excellent condition with a newer roof, new HVAC and recent hot water heater. Tall ceilings and hardwood floors bring character to this fine building. Currently occupied for residential use, but current zoning allows for neighborhood business. Great opportunity for an office or retail use.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,708 SF
Building Class
C
Year Built
1908
Price
$1,295,000
Price Per SF
$758.20
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,708 SF
Building FAR
0.33
Lot Size
0.12 AC
Zoning
NX-3 - NX-3
Parking
5 Spaces (2.93 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Air Conditioning
- Smoke Detector
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Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1704.18-42-8282-000 | Improvements Assessment | $26,043 |
| Land Assessment | $515,382 | Total Assessment | $541,425 |
Property Taxes
Parcel Number
1704.18-42-8282-000
Land Assessment
$515,382
Improvements Assessment
$26,043
Total Assessment
$541,425
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Contact the Sale Advisor
516 W Peace St