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    400 Fayetteville St Raleigh, NC 27601

    Sponsored
    For Lease
    $27 SF/Yr

    Historic Raleigh retail space, multiple units available.

    Lot size:
    190,518 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents 190,518 square feet of prime commercial space located at 400 Fayetteville Street in the heart of Raleigh, North Carolina. The property, known as Sir Walter Raleigh, is a multi-tenant strip center built in 1924 and situated in Wake County, zip code 27601. Seven individual spaces are currently available, ranging from a minimum of 969 square feet to a maximum contiguous space of 3,916 square feet. A total of 13,294 square feet is currently vacant, offering significant potential for immediate occupancy. This historic building provides a unique blend of character and modern functionality, ideal for a variety of retail businesses. Its central location in Raleigh offers unparalleled access to a thriving customer base and excellent visibility. The property's substantial size and flexible space options make it suitable for both single and multi-tenant occupancy. Interested parties are encouraged to inquire about lease terms and availability for these highly desirable retail spaces. The property's location offers easy access to major transportation routes and is surrounded by a vibrant mix of residential and commercial developments. This is a rare chance to secure a prominent retail presence in one of Raleigh's most sought-after locations.

    Property Features for 400 Fayetteville St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    190,518 SF
    Total Rate
    428665.5

    Building Details

    Year Built
    1924

    Unit(s) available at that property

    Space
    Suite E: Davie Street
    Size
    969 SF
    Rate per SF
    $27
    Space
    F: Davie Street
    Size
    1,495 SF
    Rate per SF
    $27
    Space
    Suite D: Former Chick-Fil-A
    Size
    3,916 SF
    Rate per SF
    $30
    Space
    Suite Davie and Salisbury Street
    Size
    2,169 SF
    Rate per SF
    $27
    Space
    B: Fayetteville Street
    Size
    1,150 SF
    Rate per SF
    $30

    HighLights

    • Prime downtown Raleigh location at 400 Fayetteville Street, zip code 27601.
    • Former Sir Walter Hotel, listed on the National Register of Historic Places and designated a Raleigh Historic Landmark.
    • Designed by Raleigh architect James A. Slater.
    • Vibrant nightlife and 94 Walk Score.
    • 13,294 square feet of vacant space available in a 190,518 square foot multi‑tenant building; individual spaces range from 969 to 3,916 contiguous square feet.
    • Delivered in warm vanilla shell condition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sir Walter Apartments Housing Complex iSupportB2B Computer Service Royal Drug store ... Drug Store PostScript Outreach Non-Profit Organization Brewgaloo Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6396877
    Latitude
    35.7754554

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    FAQs

    What type of property is this?
    Neighborhood center - Historic Raleigh retail space, multiple units available.
    Where is this neighborhood center located?
    The property is located at 400 Fayetteville St Raleigh, NC.
    What is the lease rate?
    The lease rate is $27-$30 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Raleigh location at 400 Fayetteville Street, zip code 27601.; Former Sir Walter Hotel, listed on the National Register of Historic Places and designated a Raleigh Historic Landmark.; Designed by Raleigh architect James A. Slater.
    Request Owner's contact information
    400 Fayetteville St Raleigh, NC 27601
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    Raleigh, NC 27601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 Fayetteville St Raleigh, NC 27601
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