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711 N Person St 3,526 SF 100% Leased Retail Building Raleigh, NC 27604 For Sale
INVESTMENT HIGHLIGHTS
- Main level with high visibility to street
- Building’s storefront is separated into two spaces, offering the option for multi-tenancy or an owner-user occupant
- Easy walking distance to Smokey Hollow, Seaboard Station, William Peace University and over 1,000 new apartments
- ±3,500 SF drive-in basement providing an ideal space for a speakeasy, fitness and training facility, creative studio storage or warehouse use
- Location is well-served by public transportation, with easy access to major roads and highways
EXECUTIVE SUMMARY
Avison Young is pleased to present one of the best value add acquisition opportunities in Downtown Raleigh. 711 N. Person Street is within the Person Street Village on the North side of downtown, adjacent to several prestigious historic neighborhoods such as Oakwood and Mordecai, and within easy walking distance to Smokey Hollow, Seaboard Station, William Peace University and over 1,000 new apartment units.
The Person Street Village is experiencing a rapid renaissance due to the booming interest on the North side of downtown. Numerous restaurants and retailers have recently located within the Village such as the Crawford & Co. restaurant, a James Beard winner.
The Person Street Village is experiencing a rapid renaissance due to the booming interest on the North side of downtown. Numerous restaurants and retailers have recently located within the Village such as the Crawford & Co. restaurant, a James Beard winner.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,526 SF
Building Class
C
Year Built
1967
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.39 AC
Zoning
NX-3-SH
Parking
22 Spaces (6.24 Spaces per 1,000 SF Leased)
Frontage
38’ on Person St
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1704.16-82-3550-000 | Improvements Assessment | $513,734 CAD |
| Land Assessment | $1,872,454 CAD | Total Assessment | $2,386,188 CAD |
PROPERTY TAXES
Parcel Number
1704.16-82-3550-000
Land Assessment
$1,872,454 CAD
Improvements Assessment
$513,734 CAD
Total Assessment
$2,386,188 CAD
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711 N Person St
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