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    208 St. Marys St Raleigh, NC 27605
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    208 St. Marys St, Raleigh, NC 27605

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    • Office Spaces
    • 6,100 SF
    • 0.28 lot acres
    Off-Market

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 208 St. Marys St

    Year built
    1931
    Lot size
    0.28 lot acres
    Property type
    Office Spaces

    Description

    This exceptional investment opportunity presents a beautifully renovated, historic office building situated in a highly desirable Raleigh, NC location. The property, located at 208 St. Marys Street, boasts 6,100 square feet of meticulously updated space within a 0.28-acre lot. Originally constructed in 1930 as a stone masonry church, the building retains its historic charm while offering modern amenities. Recent renovations have transformed the space, creating a stunning 1,300 square foot great room, perfect for collaborative work or large gatherings. Nine additional offices provide ample space for individual work or smaller teams. A large, finished basement adds further versatility and potential for expansion or storage. The property's prime location offers easy access to numerous amenities. It is directly adjacent to Saint Mary's High School and Wiley Magnet Elementary School, surrounded by residential properties, and just minutes from downtown Raleigh and NC State University. The nearby Glenwood South District provides a vibrant mix of restaurants and retail options, including popular establishments such as the Raleigh Beer Garden, Taverna Agora, and 42nd Street Oyster Bar. Abundant free street parking is available in the neighborhood. Offered at $2,750,000, this property represents a unique blend of history, modern functionality, and exceptional location, making it an ideal investment for discerning buyers.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6504
    Latitude
    35.7835
    More about this property
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