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Historic Freestanding Office Building
New
For Lease
$28 SF/Yr

704 Glenwood Ave, Raleigh, NC 27605

Flexible workspace includes a kitchen, two bathrooms, and dedicated private parking.

Space Size2,000 SF
Property Size3,338 SF
Days on Market3

Property Features for 704 Glenwood Ave

General Information

Standard status Active
Size 2,000 SF
Property subtype Office
Lease Term Negotiable

Additional Details

Space Use Office

Amenities

full kitchen
deck
private parking
historic architecture
high ceilings
original trim work
decorative fireplaces

Building Details

Building Size 3,338 SF
Year Built 1914

Spaces For Lease

at 704 Glenwood Ave Contact us

First Floor $28/SF/Yr

Size
2,000 SF
Type
Creative/Loft
Term
Negotiable
Contact us
Listing Agency:
Listed By: Ryan Gaylord, CCIM, SIOR
Source: Triprop
Added: Aug 19 Changed: Aug 20 Last Checked: Aug 21 at 5:16AM

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 Ryan Gaylord, CCIM, SIOR

Investment Insights

Based on property information with market context.

This freestanding office property dates to 1914 and combines period architectural elements with a practical office layout. Interior details include high ceilings, original trim, decorative fireplaces, and substantial natural light. A full kitchen is equipped with an oven, range, dishwasher, and microwave, while two bathrooms support daily operations. The property also includes a deck with views toward Downtown Raleigh.

Positioned on Glenwood Avenue in Raleigh, the property offers walkable access to restaurants, coffee shops, retail, and entertainment. Downtown Raleigh, the Warehouse District, and the Capitol District are minutes away. Private parking accommodates approximately 6-8 vehicles, adding convenience for employees and visitors.

Key Highlights

  • Freestanding office property built in 1914
  • High ceilings, original trim, and decorative fireplaces
  • Kitchen includes oven, range, dishwasher, and microwave

Property Analytics

Current Use

Green Door Vitality ... Gym & Fitness Center Reese Consulting Group Physician Professional Medical Insurance ... Insurance Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Restaurant Pet Grooming Service Mobile Phone Store Locksmith

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
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,689
Businesses Nearby

Demographics for 27605, NC

6,409
Population
4,377
Households
1.5
Avg Household Size
33
Median Age
73%
College-Educated
99%
High-School Grad
1.0 sq mi
ZIP Area
6,409
Density / Sq Mi
$63,267
Median Household Income
$47,765
Median Earnings
$1,577
Median Rent
$440,300
Median Home Value

Market

Lease Benchmarks for Raleigh, NC

$32.49 /SF/Yr
Avg Asking Price
$23.5–$48.5 /SF/Yr
Price Range
66,952 SF
Avg Space Size

This space is priced 14% below the average of $32.49 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Flexible workspace includes a kitchen, two bathrooms, and dedicated private parking.
Where is this office building located?
The property is located at 704 Glenwood Ave Raleigh, NC.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Freestanding office property built in 1914; High ceilings, original trim, and decorative fireplaces; Kitchen includes oven, range, dishwasher, and microwave
More about this property
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