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850 W Morgan St 4,017 SF Office Building Raleigh, NC 27603 For Sale
Investment Highlights
- Energy efficient office building offering small-scale occupancy with an opportunity to expand or redevelop into condos
- Designed as an efficient and functional office environment, the two-story layout is well suited for an owner-user, creative firm, retail, or professio
- Energy efficient office building offering small-scale occupancy with an opportunity to expand or redevelop into condos
Executive Summary
Energy efficient office building offering small-scale occupancy with an opportunity to expand or redevelop into condos
Opportunity to purchase a standalone building in one of Raleigh's growing downtown corridors
The building totals approximately 4,000 SF on a 0.25-acre site and was originally completed in 1983
Designed as an efficient and functional office environment, the two-story layout is well suited for an owner-user, creative firm, retail, or professional services.
Located on West Morgan Street in downtown Raleigh, this property sits within one of the city’s most active urban corridors
Positioned just south of Hillsborough Street, the location benefits from direct access to one of Raleigh’s primary east-west routes connecting downtown to NC State University. The area continues to see steady retail, dining, and redevelopment activity driven by both residential growth and ongoing investment throughout downtown.
The surrounding neighborhood offers a strong mix of residential, office, dining, and entertainment uses
The property is minutes from Glenwood South, Boylan Heights, and the central business district, with walkable access to restaurants, breweries, coffee shops, and multifamily developments.
Opportunity to purchase a standalone building in one of Raleigh's growing downtown corridors
The building totals approximately 4,000 SF on a 0.25-acre site and was originally completed in 1983
Designed as an efficient and functional office environment, the two-story layout is well suited for an owner-user, creative firm, retail, or professional services.
Located on West Morgan Street in downtown Raleigh, this property sits within one of the city’s most active urban corridors
Positioned just south of Hillsborough Street, the location benefits from direct access to one of Raleigh’s primary east-west routes connecting downtown to NC State University. The area continues to see steady retail, dining, and redevelopment activity driven by both residential growth and ongoing investment throughout downtown.
The surrounding neighborhood offers a strong mix of residential, office, dining, and entertainment uses
The property is minutes from Glenwood South, Boylan Heights, and the central business district, with walkable access to restaurants, breweries, coffee shops, and multifamily developments.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
4,017 SF
Building Class
B
Year Built
1983
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,009 SF
Building FAR
0.37
Lot Size
0.25 AC
Zoning
NX-4 - Mixed Use
Parking
9 Spaces (2.24 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Bus Line
- Kitchen
- Accent Lighting
- Natural Light
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Innovative Design
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Innovative Design | Professional, Scientific, and Technical Services | - | - | - |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1703.05-29-3005-000 | Improvements Assessment | $438,270 CAD |
| Land Assessment | $1,972,252 CAD | Total Assessment | $2,410,522 CAD |
Property Taxes
Parcel Number
1703.05-29-3005-000
Land Assessment
$1,972,252 CAD
Improvements Assessment
$438,270 CAD
Total Assessment
$2,410,522 CAD
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850 W Morgan St
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