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Unit Size: 4,034 SF
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Condo Use: Office
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Price: $1,900,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $471.00 USD
Description
Suite 200: The entire second floor offers 4,034 sq. ft. and is in Vanilla Box Condition, requiring completion 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 four 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.
Suite 100: The entire first floor is leased to Alpha Male Wellness, totaling 4,034 sq. ft.
The building totals 8,068 sq. ft. and features spacious lobbies and an elevator.
Prime Commercial Offering: Suite 200 at 701 Mutual Court, Raleigh, NC.
Explore an outstanding ownership opportunity in the heart of North Raleigh, positioned in one of the region’s most active and resilient submarkets.
Property Highlights:
Suite 200: Full second floor of an 8,068 sq. ft. building. This 4,034 sq. ft. 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 structure with large lobbies and elevator access.
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 convenient 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?
Strategic Location: Situated in a high-growth, high-demand area within the booming Research Triangle.
Strong Potential: Ideal for an owner-user or investor seeking a flexible, well-located office asset.
Growth Market: North Raleigh continues to outperform, with steady population growth, rising incomes, and commercial expansion.
This is a rare opportunity to acquire a premier office property in one of North Carolina’s most desirable cities. Schedule a showing today!
Sale Notes
Prime Commercial Offering: Suite 200 at 701 Mutual Court, Raleigh, NC.
Explore an outstanding ownership opportunity in the heart of North Raleigh, positioned in one of the region’s most active and resilient submarkets.
Property Highlights:
Suite 200: Full second floor of an 8,068 sq. ft. building. This 4,034 sq. ft. 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 structure with large lobbies and elevator access.
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 convenient 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?
Strategic Location: Situated in a high-growth, high-demand area within the booming Research Triangle.
Strong Potential: Ideal for an owner-user or investor seeking a flexible, well-located office asset.
Growth Market: North Raleigh continues to outperform, with steady population growth, rising incomes, and commercial expansion.
This is a rare opportunity to acquire a premier office property in one of North Carolina’s most desirable cities. Schedule a showing today!
Steve Gillooly
Gillooly & Associates Realty, LLC