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Creative Office and Retail Space
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1501 Sunrise Avenue, Raleigh, NC 27608

Remodeled mixed-use property with creative office, retail, and storage space.

Space Size1,877 SF
Property Size45,000 SF
Days on Market1676

Property Features for 1501 Sunrise Avenue

General Information

Standard status Active
Size 1,877 SF
Property subtype Office, Industrial, Retail
Lease Type Full Service

Building Details

Building Size 45,000 SF
Year Built 1954
Tenancy Multiple

Spaces For Lease

at 1501 Sunrise Avenue Contact us

Available Space

Size
1,877 SF
Type
Industrial
Lease Type
Full Service
Availability
Active
Contact us
Listing Agency: Capital Associates
Listed By: Thomas Bradshaw · License #NC 145780
Source: Crexi
Added: Jan 31, 2022 Changed: Aug 31 Last Checked: Aug 31 at 8:14AM

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 Capital Associates

Investment Insights

Based on property information with market context.

The Junction at Five Points, originally built in 1954 and completely remodeled in 2021, offers a combination of creative office and retail space totaling 35,000 square feet. An additional 10,000 square feet of sprinklered ground floor storage space with exterior roll-up door access is available, opening directly to the parking lot. The property is located in the heart of the Five Points neighborhood, north of downtown Raleigh, at the corner of Carson Street and Sunrise Avenue. The location benefits from ample surface parking and features a complete exterior makeover with shade trees on the perimeter. A front patio area is suitable for coffee and beer enjoyment. Nickelpoint Brewing Company and Neuse River Brewing and Brasserie are within walking distance.

Key Highlights

  • 35,000 sq ft of creative office and retail space in the heart of Five Points.
  • Completely remodeled in 2021.
  • 10,000 sq ft of sprinklered ground floor storage with roll‑up door access.

Property Analytics

Current Use

Renovation Specialists Construction Company Bright Spot Donuts Bakery Blink Charging Station Electric Vehicle Charging Station The Junction at Five Points Corporate Office Capital Associates Real Estate Agency

Suggested Use

Top Pick Dental Office Parking Lot & Garage Accounting Firm Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center

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
$1.58 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

916
Businesses Nearby

Demographics for 27608, NC

12,018
Population
5,589
Households
2.2
Avg Household Size
40
Median Age
82%
College-Educated
98%
High-School Grad
3.5 sq mi
ZIP Area
3,434
Density / Sq Mi
$155,433
Median Household Income
$89,190
Median Earnings
$1,487
Median Rent
$911,000
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Remodeled mixed-use property with creative office, retail, and storage space.
Where is this mixed-use property located?
The property is located at 1501 Sunrise Avenue Raleigh, NC.
What is the lease rate?
The lease rate is $10.50 SF/Yr.
What are key features of this property?
This property features: 35,000 sq ft of creative office and retail space in the heart of Five Points.; Completely remodeled in 2021.; 10,000 sq ft of sprinklered ground floor storage with roll‑up door access.
More about this property
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