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    715 Morgan St Raleigh, NC 27603

    Sponsored
    For Sale
    $4,500,000

    Prime location, high-growth area.

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail investment opportunity consists of two buildings totaling 2,000-4,634 square feet, situated on a combined .19-.23 acres at the intersection of West Morgan Street and St. Mary's Street in the heart of Downtown Raleigh, NC. The property features convenient on-site parking in both the front and rear, supplemented by ample free street parking. Access is provided via entrances on both West Morgan and St. Mary's Streets. The buildings are three stories each and boast an OX-4 zoning designation. A private, park-like setting graces the rear of the property. This location is surrounded by thriving residential and commercial developments, offering immediate proximity to a wealth of amenities. Within easy walking distance are numerous restaurants, bars, shops, Union Station, Nash Square, Glenwood South, and the Morgan Street Food Hall. The asking price for this remarkable property is $4,500,000. APN: 1703385885 1703385826.

    Property Features for 715 Morgan St

    General Information

    Property type
    Retail properties
    Square Feet
    2,000 SF
    Lot Size
    8,276 SF

    Building Details

    Buildings
    2
    Stories
    3

    HighLights

    • Two‑building property at the corner of W. Morgan & St. Mary's Streets in Downtown Raleigh.
    • Ample on‑site and free street parking.
    • Multiple street entrances on W. Morgan and St. Mary's Streets.
    • OX‑4 Zoning.
    • Private rear courtyard.
    • Excellent location within a thriving, affluent area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Michelle Helms Nurse Practitioner Creasman Counseling, PLLC Mental Health Clinic Aisha Al-Qimlass Counselor Candice Mowrey Counselor

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm Clothing 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
    -78.650781
    Latitude
    35.7796509

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    FAQs

    What type of property is this?
    Retail property - Prime location, high-growth area.
    Where is this retail property located?
    The property is located at 715 Morgan St Raleigh, NC.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Two-building property at the corner of W. Morgan & St. Mary's Streets in Downtown Raleigh.; Ample on-site and free street parking.; Multiple street entrances on W. Morgan and St. Mary's Streets.
    Request Owner's contact information
    715 Morgan St Raleigh, NC 27603
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    Raleigh, NC 27603
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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
    715 Morgan St Raleigh, NC 27603
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