Listed by Lee & Associates - Raleigh Durham
$2,300,000
118 St Mary's Street
Details
Property Type Office
Sub Type Traditional Office
Square Footage 3,546
Tenancy Vacant
Price per SqFt $649
Year Built 1940
Year Renovated 2016
Buildings 1
Stories 2
Acreage 0.200
Zoning RB
Parking Spaces 7 spaces
Parking Per SqFt 1.97
Investment Type Owner/User
Office | 3,546 SqFt
Marketing description
Lee & Associates is pleased to present 118 St Mary's Street, a rare opportunity to acquire a well-maintained, freestanding office building in one of Raleigh's most desirable and accessible locations. Originally constructed in 1940 and extensively renovated in 2016, this two-story property offers an ideal environment for professional service firms seeking ownership in the urban core.
Located Inside the Beltline, the property provides convenient access to Downtown Raleigh, the Village District, and is immediately adjacent to the vibrant Glenwood South district, offering exceptional connectivity and nearby amenities.
Investment highlights
- ±3,546 SF on two stories
- Freestanding, inside-Beltline office building
- 0.2 acre site
- Seven parking spaces
- Prime Glenwood South location
- Basement storage
- New roof in 2024
- Walk score of 70
- Building to be delivered vacant at closing
- Seller willing to consider a short-term leaseback arrangement
- Sale Price: $2,300,000
Listing Contacts
Listed by Lee & Associates - Raleigh Durham
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Zoning
OX-3-DE MixedMixed UseOffice Mixed Use Detached Frontage
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