701 Mutual Ct Suite 100 & Suite 200, Raleigh, NC 27615 For Sale

Prime Commercial Opportunity – Entire Building For Sale | 701 Mutual Court, Raleigh, NC

Discover a rare opportunity to acquire a two-story, 8,068 sq. ft. office building in the heart of North Raleigh. This offering provides immediate income from the leased first floor, along with significant upside potential through lease-up and the completion of the vacant second-floor space.

Building Overview

Total Building Size: 8,068 sq. ft.

Configuration: Two floors, approximately 4,034 sq. ft. per floor

Features: Spacious entry lobbies and elevator access for convenient second-floor access

Current Occupancy

Suite 100 – First Floor (4,034 sq. ft.)

Fully leased to Alpha Male Wellness, providing stable income.

Suite 200 – Second Floor (4,034 sq. ft.)

Currently vacant and ready for customization, offering an excellent opportunity for a new tenant, owner-user, or value-add investment.

Suite 200 – Second Floor Details

The entire second floor is in vanilla box condition, allowing the space to be completed according to a tenant’s or owner’s specific needs. Work required includes:

Sheetrock repairs and interior painting throughout

Build-out of the center conference room (sheetrock and doors added to existing steel studs)

Installation of two full bathrooms in the rear center of the suite

Installation of glass panels in several offices facing the waiting area

Completion of HVAC components, including ductwork and related systems

Existing Layout Includes:

Four large offices along the right side of the building

A large open reception/waiting area at the front lobby entrance

A large conference room behind the waiting area

Three additional offices along the left side of the building

A break room located in the center of the left side

Space designated for two bathrooms in the rear center

Suite 200 was previously occupied by Union Bank (bank use prohibited for 5 years).

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 heavy traffic and easy 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

The Go Raleigh bus stop is 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)

HOA is $2,500 Per Year for the Entire Building

The Electricity averages $1,073 per month

Wake County Taxes for the entire building are $27,878.24 Per Year

Why 701 Mutual Court?

Income and value-add potential: leased first floor with opportunity to complete and lease the second floor

Strategic location: situated in a high-growth North Raleigh / Research Triangle corridor

Flexible opportunity: ideal for an owner-user, investor, or hybrid owner-user strategy

This is a rare opportunity to acquire a well-located office asset in one of North Carolina’s most desirable and resilient commercial markets.

Schedule your showing today!