510-512 St Marys St Raleigh, NC 27605
This exceptional commercial property, located at 510-512 St. Mary's Street in Raleigh, North Carolina, offers a unique opportunity for businesses seeking a vibrant and convenient location. The property is classified as a Class B building, encompassing a total of 7,722 square feet across two stories. Currently, there are two suites available, with a minimum divisible space of 163 square feet and a maximum contiguous space of 500 square feet. A total of 663 square feet is currently vacant. The property is zoned R-12 and situated in Wake County, with easy access to major thoroughfares. The building does not have elevators. This location boasts a thriving neighborhood atmosphere, filled with locally owned restaurants and shops, and is poised for significant growth with upcoming developments, including a large mixed-use building nearby. High traffic volume of 8,400 vehicles per day is observed on St. Mary's Street just south of W. Johnson Street. This versatile space is ideal for a variety of businesses seeking a dynamic and accessible location in a rapidly developing area of Raleigh. The property type is listed as Retail and Office, with a subtype of Traditional Office and Storefront, making it suitable for a range of commercial uses. The zip code is 27605.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.