701 Mutual Court 200,Raleigh, NC 27615
Raleigh, NC 27615
Description
Prime office opportunity in North Raleigh at 701 Mutual Court. Only the second floor (Suite 200) is for sale. The first floor (Suite 100) is fully leased to Alpha Male Wellness and is not part of the offering. The building totals 8,068 square feet, and the available second floor consists of 4,034 square feet ready for customization. Suite 200 is in vanilla box condition and needs a full build-out, making it ideal for an owner-user who wants to design their space from the ground up. The suite needs sheetrock repair, full interior paint, completion of the framed conference room including sheetrock and doors, installation of two bathrooms in the rear center of the space, interior glass added to several offices facing the waiting area, and final HVAC distribution such as ductwork. The existing layout includes four large offices on the right side, a spacious open lobby and waiting area at the entrance, a large conference room behind the waiting area, three large offices on the left side, and a framed break room on the left-center. The suite was previously occupied by Union Bank, and bank use is restricted until December 18, 2028. The building features large lobbies, elevator access, and a professional presence in one of Raleigh's strongest and most resilient submarkets. The property sits just off Falls of Neuse Road and Strickland Road with easy access to Highway 540, Downtown Raleigh, and RDU International Airport. There is steady traffic flow in the area, strong surrounding demographics, and a GoRaleigh bus stop located directly in the cul-de-sac. Within a three-mile radius, the area includes nearly 69,000 residents and over 31,000 households, with a median home value above $400,000 in nearby neighborhoods. Wake County values the entire building at $3,196,680, and the parcel is zoned OX-4 (Office Mixed Use). This is a rare chance to purchase a full second floor in a well-located North Raleigh office building, perfect for an owner-user or investor seeking a customizable space in a high-growth market. Schedule your showing for Suite 200 at 701 Mutual Court today.
Details
| MLS # | 10135558 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 2016 |
| Days On Site | 274 |
| Listing Provided By | Gillooly & Associates Realty | Steve Gillooly |
Features
| SQ Feet | 4,034 |
|---|---|
| Story(s) | 2 |
| Zoning | OX-4 |
| Acreage | 1.79 |
Interior
| Interior Features | Open Floorplan, Tray Ceiling(s) |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air |
Exterior
| Lot Features | Corner Lot, Cul-De-Sac, Few Trees, Near Public Transit, Open Lot, Paved |
|---|---|
| Construction Materials | Brick |
Utilities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Assessed Value | 3196680 |
|---|---|
| Tax Legal Description | Lo1 Bent Tree Office Park Bm1995-246 |
| Tax Year | 2025 |
Other
| Accessibility Features | Accessible Approach with Ramp, Accessible Common Area, Accessible Elevator Installed, Accessible Hallway(s) |
|---|
Area Information
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27615 |
| Area | Wake |
| Community Name | Bent Tree |
| Listing VS Median (in Bent Tree) | |
Price: $1,650,000 low | high Med: $1,250,000 sqft: 4,034 low | high Med: 4,501 $ / sqft: $409 low | high Med: $278 On site: 274 low | high Med: 29 | |
Market Activity 27615
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Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
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Learn More About This Property
| State | NC |
|---|---|
| County | Wake |
| City | Raleigh |
| Zip Code | 27615 |
| Area | Wake |
| Community Name | Bent Tree |
| Listing VS Median (in Bent Tree) | |
Price: $1,650,000 low | high Med: $1,250,000 sqft: 4,034 low | high Med: 4,501 $ / sqft: $409 low | high Med: $278 On site: 274 low | high Med: 29 | |
 | $1,250,0008508 Bell Grove WayRaleigh, NC 27615 |
Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.
