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701 Mutual Ct 4,034 SF Office Condo Unit Offered at $1,650,000 in Raleigh, NC 27615
Investment Highlights
- Prime North Raleigh Location
- A Full Private Floor in One of Raleigh’s Best Locations
- Second-Floor Suite With Spacious Lobbies + Elevator
- Minutes From Downtown Raleigh, Cary, and RTP
- Close to Major Highways, Amenities, and Growth Corridors
Executive Summary
Prime Commercial Opportunity – Suite 200 at 701 Mutual Court, Raleigh, NC Explore a compelling ownership opportunity in the heart of **North Raleigh, located within one of the region’s most active and resilient office submarkets. Suite 200 – Second Floor (4,034 Sq. Ft.) The entire second floor offers 4,034 square feet and is currently in vanilla box condition, allowing a new owner or tenant to complete the space according to their specific needs. The suite requires interior completion, including sheetrock repairs, full interior painting, installation of sheetrock and doors for the conference room framing, construction of two full bathrooms, installation of glass panels in several offices facing the waiting area, and completion of HVAC work, including ductwork and related components. The existing layout includes: Four large offices along the right side of the building A large open reception/waiting area at the main lobby entrance A spacious conference room behind the waiting area Three additional offices along the left side of the building A break room positioned in the center of the left side Two bathroom locations planned in the rear center of the suite This configuration provides a flexible foundation for professional office, medical, or service-oriented users. Property Highlights Suite 200: The full second floor of the 8,068 sq. ft. building is available. The suite was previously occupied by Union Bank (bank use prohibited for 5 years) and is currently vacant and ready for customization. Building Features: Professional two-story office building with large entry lobbies and elevator access, creating a welcoming and accessible environment for clients and staff. Location Excellent North Raleigh address just off Falls of Neuse Road and Strickland Road, with convenient access to Highway 540. The property is located along a high-visibility corridor with strong traffic patterns and quick access to major destinations across the Triangle. Demographics 68,972 residents within a 3-mile radius 31,015 households within a 3-mile radius Median home value: $401,515 (within 2 miles) Accessibility Approximately 13,000 vehicles per day in the immediate area 9 miles to Downtown Raleigh 12 miles to RDU International Airport GoRaleigh bus stop located directly in the cul-de-sac Investment Details Wake County Tax Value (Entire Building): $3,196,680 Parcel ID: 1708908294 Zoning: Office Mixed Use (OX-4) Why 701 Mutual Court? Strategic Location: Situated in a high-growth corridor within the thriving Research Triangle. Strong Potential: Ideal for an owner-user or investor seeking a flexible, well-located office asset with potential for customization. Growth Market: North Raleigh continues to outperform with steady population growth, rising incomes, and expanding commercial demand. This is a rare opportunity to acquire a premier office property in one of North Carolina’s most desirable and economically vibrant markets. Schedule your showing today!
Data Room Click Here to Access
Property Facts
| Total Building Size | 8,068 SF | Typical Floor Size | 4,034 SF |
| Property Type | Year Built | 2016 | |
| Building Class | B | Lot Size | 1.79 AC |
| Floors | 2 | Parking Ratio | 3.22/1,000 SF |
| Zoning | OX-4 - Office Mixed Use (OX-4) | ||
| Total Building Size | 8,068 SF |
| Property Type | |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 4,034 SF |
| Year Built | 2016 |
| Lot Size | 1.79 AC |
| Parking Ratio | 3.22/1,000 SF |
| Zoning | OX-4 - Office Mixed Use (OX-4) |
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
1 Unit Available
Unit 200
| Unit Size | 4,034 SF | Sale Type | Investment or Owner User |
| Price | $1,650,000 | No. Parking Spaces | 12 |
| Price Per SF | $409.02 | APN/Parcel ID | 1708908294 |
| Condo Use | Office |
| Unit Size | 4,034 SF |
| Price | $1,650,000 |
| Price Per SF | $409.02 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 12 |
| APN/Parcel ID | 1708908294 |
Description
Prime Commercial Opportunity – 701 Mutual Court, Suite 200, Raleigh, NC
Discover a strong commercial opportunity in the heart of North Raleigh, located within one of the area’s most active and stable office submarkets.
Suite 200 – Second Floor (4,034 Sq. Ft.)
The entire second floor measures approximately 4,034 square feet and is currently in vanilla box condition, allowing a tenant or owner to complete the space to meet their specific needs.
The suite requires finishing work, including sheetrock repair, full interior painting, installation of sheetrock and doors for the conference room framing, construction of two bathrooms in the rear center of the suite, installation of glass panels in several offices facing the waiting area, and completion of the HVAC system, including ductwork and related components.
The current layout includes:
- Four large offices along the right side of the building
- A large open reception/waiting area at the front entrance lobby
- A spacious conference room located behind the waiting area
- Three large offices along the left side of the building
- A break room positioned in the center of the left side
- Space designated for two bathrooms at the rear center of the suite
This flexible configuration provides an excellent foundation for professional office, medical, or service-oriented users.
Suite 100 – First Floor (4,034 Sq. Ft.)
The entire first floor is currently leased to Alpha Male Wellness, occupying 4,034 square feet.
Building Overview
Total Building Size: 8,068 square feet
Features include spacious entry lobbies and elevator access between floors, creating a professional and accessible office environment.
Location
Excellent North Raleigh location just off Falls of Neuse Road and Strickland Road, with convenient access to Highway 540. The property sits along a well-traveled corridor with strong visibility and easy connectivity to major destinations.
Demographics
- 68,972 residents within a 3-mile radius
- 31,015 households within a 3-mile radius
- Median home value: $401,515 within a 2-mile radius
Accessibility
- Approximately 13,000 vehicles per day in the immediate area
- 9 miles to Downtown Raleigh
- 12 miles to RDU International Airport
GoRaleigh bus stop located directly in the cul-de-sac
Investment Details
Wake County Tax Value (Entire Building): $3,196,680
Parcel ID: 1708908294
Zoning: Office Mixed Use (OX-4)
Strategic Location – Positioned in a high-growth North Raleigh corridor within the thriving Research Triangle region.
Flexible Opportunity – Ideal for an owner-user seeking to customize office space or an investor looking for a well-located commercial asset.
Growth Market – North Raleigh continues to experience strong population growth, rising household incomes, and expanding commercial demand.
This is a rare opportunity to acquire a well-positioned office property in one of North Carolina’s most desirable and economically vibrant markets. Schedule your showing today.
Sale Notes
Prime Commercial Opportunity – Suite 200 at 701 Mutual Court, Raleigh, NC
Discover a compelling ownership opportunity in the heart of North Raleigh, located within one of the region’s most active and stable office submarkets.
Property Highlights
Suite 200:
The entire second floor of this 8,068 sq. ft. professional office building is available, totaling 4,034 sq. ft. The suite was previously occupied by Union Bank (bank use prohibited for 5 years) and is currently vacant, providing a blank canvas ready for customization to meet your business needs.
Building Features:
Professional two-story office building featuring spacious lobbies and elevator access, creating a welcoming and accessible environment for clients and employees.
Location
Prime North Raleigh location just off Falls of Neuse Road and Strickland Road, with quick access to Highway 540. The property sits along a high-visibility corridor with strong traffic patterns and convenient access to major destinations throughout the Triangle.
Demographics
- 68,972 residents within a 3-mile radius
- 31,015 households within a 3-mile radius
- Median home value: $401,515 within a 2-mile radius
Accessibility
- Approximately 13,000 vehicles per day in the immediate area
- 9 miles to Downtown Raleigh
- 12 miles to RDU International Airport
GoRaleigh bus stop** located directly in the cul-de-sac
Investment Details
Wake County Tax Value (Entire Building): $3,196,680
Parcel ID: 1708908294
Zoning: Office Mixed Use (OX-4)
Why 701 Mutual Court?
Strategic Location: Positioned in a high-growth corridor within the thriving Research Triangle.
Flexible Opportunity: Ideal for an owner-user or investor seeking a well-located office asset with potential for customization.
Growth Market: North Raleigh continues to outperform, supported by population growth, rising incomes, and ongoing commercial expansion.
This is a rare opportunity to acquire a premier office property in one of North Carolina’s most desirable and economically vibrant markets.
Schedule your showing today.
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Alpha Male Wellness |
99,999 SF SF
|
Jan 0000
|
Presented by
701 Mutual Ct
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