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Downtown Raleigh Retail Opportunity
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313 West Hargett Street, Raleigh, NC 27601

Prime downtown location with high visibility and pedestrian traffic.

Property Size5,689 SF
Lot Size0.13 Acres
Days on Market107

Property Features for 313 West Hargett Street

General Information

Standard status Active
Size 5,689 SF
Lot size 0.13 Acres
Property subtype Retail
Listing Agency: CBRE | Raleigh
Listed By: Matt Larson
Source: Cbre
Added: Apr 15 Changed: Jul 10 Last Checked: Jul 30 at 2:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Raleigh

Investment Insights

Based on property information with market context.

The property at 313 W Hargett St presents an opportunity to lease or acquire an asset in Downtown Raleigh. The existing building encompasses approximately 5,689 square feet and is situated on a site of approximately 0.13 acres. The property benefits from its location on West Hargett Street, surrounded by dining, retail, and office uses. The site has DX-12 Downtown Mixed Use zoning. It offers exceptional walkability and visibility, with strong pedestrian traffic and proximity to Fayetteville Street, Moore Square, and Glenwood South.

Key Highlights

  • Prime location on West Hargett Street in Downtown Raleigh.
  • ±5,689 SF existing building on a ±0.13‑acre site.
  • DX‑12 Downtown Mixed Use zoning.

Property Analytics

Current Use

Vita Vite Downtown Bar & Pub

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Restaurant Locksmith Bed & Breakfast Nursing Home Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,399
Businesses Nearby

Demographics for 27601, NC

9,965
Population
4,874
Households
2
Avg Household Size
32
Median Age
49%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
5,536
Density / Sq Mi
$70,433
Median Household Income
$51,443
Median Earnings
$1,499
Median Rent
$572,600
Median Home Value

Market

Lease Benchmarks for Raleigh, NC

$31.86 /SF/Yr
Avg Asking Price
$28–$37 /SF/Yr
Price Range
21,560 SF
Avg Space Size

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Prime downtown location with high visibility and pedestrian traffic.
Where is this retail space located?
The property is located at 313 West Hargett Street Raleigh, NC.
What are key features of this property?
This property features: Prime location on West Hargett Street in Downtown Raleigh.; ±5,689 SF existing building on a ±0.13‑acre site.; DX‑12 Downtown Mixed Use zoning.
More about this property
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