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701 Mutual Ct 8,068 SF 50% Leased Office Building Raleigh, NC 27615 $4,796,538 CAD ($594.51 CAD/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
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)
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!
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 $25 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 $25 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 | $2,797,087 CAD |
| Land Assessment | $1,578,497 CAD | Total Assessment | $4,375,584 CAD |
Property Taxes
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701 Mutual Ct
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