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Unit Size: 4,034 SF
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Condo Use: Office
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Price: $1,650,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $409.02 USD
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.
Steve Gillooly
Gillooly & Associates Realty, LLC