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701 Mutual Ct 8,068 SF 50% Leased Office Building Raleigh, NC 27615 $3,600,000 ($446.21/SF)
INVESTMENT HIGHLIGHTS
- Entire 8,068 SF Office Building For Sale | Income + Upside
- Close to Major Highways, Amenities, and Growth Corridors
- Fully Leased 1st Floor + Vacant 2nd Floor Value-Add
- Excellent Road Frontage and Visibility along Strickland & Falls Of Neuse Road
- Immediate Cash Flow with Strong Leasing Upside - Or End Use Potential
- North Raleigh Office Asset | Elevator | Prime Location
EXECUTIVE SUMMARY
Explore a rare ownership opportunity in the heart of North Raleigh. The entire 2-story, 8,068 sq. ft. building is for sale, offering immediate income plus upside through leasing and build-out of the vacant space.
Building Overview:
Total Building Size: 8,068 sq. ft.
Configuration: Two floors, 4,034 sq. ft. per floor
Features: Spacious lobbies and elevator access
Current Occupancy:
First Floor (Suite 100): Fully leased (4,034 sq. ft.) to Alpha Male Wellness.
Second Floor (Suite 200): Currently not leased (vacant) and ready for customization.
Suite 200 Details | 4,034 sq. ft. (Second Floor)
The entire second floor is in Vanilla Box condition and requires completion to meet a tenant’s needs. Work needed includes:
Sheetrock repair and paint throughout
Build out the center conference room (sheetrock and doors added to existing steel studs)
Install two complete bathrooms (back center of the space)
Add glass to several offices facing the waiting area
Complete necessary HVAC work (including air ducts, etc.)
Layout includes:
Four large offices on the right side
Large open/waiting area at the front lobby entrance
Large conference room behind the waiting area
Three large offices on the left side
Break room in the center on the left side
Two bathrooms are needed in the back center
Note: Suite 200 was previously occupied by Union Bank (bank use prohibited for 5 years).
Location
Excellent North Raleigh address just off Falls of Neuse Road and Strickland Road, near Highway 540. High-visibility corridor with strong traffic patterns and easy access 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 (2-mile radius)
Accessibility:
Approx. 13,000 vehicles per day
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?
Income + upside: leased first floor with value-add second floor
Strategic location: high-growth North Raleigh/RTP trade area
Flexible use: ideal for owner-user, investor, or partial owner-user strategy
This is a rare opportunity to acquire a premier office property in one of North Carolina’s most desirable and resilient submarkets. Schedule a showing today.
DATA ROOM Click Here to Access
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Alpha Male Wellness
- -
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Alpha Male Wellness | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Prime Office Space in North Raleigh: Exceptional Leasing Opportunity! 701 Mutual Court, Suite 200 (2nd Floor), Raleigh, NC 27615 4,034 Sq. Ft., Lease Rate $28 Sq. Ft. + $3.50 TICAM LANDLORD IS CONTRIBUTING $80,000 TOWARDS TENANT UPFIT AND 2 MONTHS FREE RENT!!! The space is in Vanilla Box Condition and needs to be completed throughout to meet the tenant's needs. The space needs sheetrock repair, painted throughout, the center conference room needs sheetrock and doors added to the steel studs, two complete bathrooms need to be installed, glass needs to be added to several of the offices facing the waiting area, and complete the necessary work on the HVAC, such as air ducts, etc. The space is set up with 4 large offices on the right side of the building, a large open/waiting area at the front lobby entrance, and a large conference room behind the waiting area. 3 large offices on the left side of the building, with a break room in the center on the left side. Two Bathrooms Are Needed in the back center of the space. Located in the Heart of North Raleigh, this two-story, 8,068 SF professional building offers a premier second-floor office suite totaling 4,034 SF. Previously occupied by a financial institution, Suite 200 provides a flexible layout with abundant natural light, private offices along both wings, an open floor plan, a break room, a large conference room in the center of the office, and elevator access in the front lobby. The deed restriction prohibits banking use for 5 years. Current Tenant on the First Floor: 4,034 SF is leased to Alpha Male Wellness & Therapy Highlights High Visibility Location with approximately 13,000 vehicles per day passing this location. Convenient Access Near Falls of Neuse Road, Strickland Road, and I-540. Excellent Demographics * 68,972 residents within 3 miles * 31,015 households within 3 miles * Median home value of $401,515 within 2 miles Close to Major Destinations - 9 miles to Downtown Raleigh, 12 miles to RDU Airport. Ample Parking - Large standalone surface lot. Natural Light - Abundant windows throughout the space. Property Features: * Elevator access to the second floor * Open layout with a mix of private offices and common areas * Break room and support spaces * Standalone building with strong traffic exposure Don't miss this unique opportunity to transform a vanilla shell office space into one that meets your company's needs. Establish your business in one of North Raleigh's Most Desirable Locations! Please get in touch with us today to schedule a private tour! Listing Broker: Steve Gillooly (919) 612-9885 Cell
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste Suite 200 | 4,034 SF | Office | Shell Space | Now |
2nd Fl-Ste Suite 200
| Size |
| 4,034 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste Suite 200
| Size | 4,034 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
Prime Office Space in North Raleigh: Exceptional Leasing Opportunity! 701 Mutual Court, Suite 200 (2nd Floor), Raleigh, NC 27615 4,034 Sq. Ft., Lease Rate $28 Sq. Ft. + $3.50 TICAM LANDLORD IS CONTRIBUTING $80,000 TOWARDS TENANT UPFIT AND 2 MONTHS FREE RENT!!! The space is in Vanilla Box Condition and needs to be completed throughout to meet the tenant's needs. The space needs sheetrock repair, painted throughout, the center conference room needs sheetrock and doors added to the steel studs, two complete bathrooms need to be installed, glass needs to be added to several of the offices facing the waiting area, and complete the necessary work on the HVAC, such as air ducts, etc. The space is set up with 4 large offices on the right side of the building, a large open/waiting area at the front lobby entrance, and a large conference room behind the waiting area. 3 large offices on the left side of the building, with a break room in the center on the left side. Two Bathrooms Are Needed in the back center of the space. Located in the Heart of North Raleigh, this two-story, 8,068 SF professional building offers a premier second-floor office suite totaling 4,034 SF. Previously occupied by a financial institution, Suite 200 provides a flexible layout with abundant natural light, private offices along both wings, an open floor plan, a break room, a large conference room in the center of the office, and elevator access in the front lobby. The deed restriction prohibits banking use for 5 years. Current Tenant on the First Floor: 4,034 SF is leased to Alpha Male Wellness & Therapy Highlights High Visibility Location with approximately 13,000 vehicles per day passing this location. Convenient Access Near Falls of Neuse Road, Strickland Road, and I-540. Excellent Demographics * 68,972 residents within 3 miles * 31,015 households within 3 miles * Median home value of $401,515 within 2 miles Close to Major Destinations - 9 miles to Downtown Raleigh, 12 miles to RDU Airport. Ample Parking - Large standalone surface lot. Natural Light - Abundant windows throughout the space. Property Features: * Elevator access to the second floor * Open layout with a mix of private offices and common areas * Break room and support spaces * Standalone building with strong traffic exposure Don't miss this unique opportunity to transform a vanilla shell office space into one that meets your company's needs. Establish your business in one of North Raleigh's Most Desirable Locations! Please get in touch with us today to schedule a private tour! Listing Broker: Steve Gillooly (919) 612-9885 Cell
PROPERTY TAXES
| Parcel Number | 1708.20-90-8294-000 | Improvements Assessment | $2,043,474 |
| Land Assessment | $1,153,206 | Total Assessment | $3,196,680 |
PROPERTY TAXES
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701 Mutual Ct
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