116 West St Raleigh, NC 27603
This exceptional executive office space, located at 116 N West St in Raleigh, NC 27603, offers a prime location within the vibrant Glenwood South District of Downtown Raleigh. The property, known as Powerhouse Square, is a multi-tenant building totaling 4,028 square feet. Currently, there are two available suites, each offering flexible space ranging from 1,198 to 1,264 contiguous square feet, with a total of 2,462 square feet currently vacant. Situated in Wake County, this location benefits from Raleigh's strong job growth and thriving commercial and residential development. The Glenwood South District is known for its eclectic mix of restaurants, art galleries, shops, nightlife, and residences, creating a dynamic and desirable environment for businesses. The building's address is conveniently located within walking distance of numerous amenities and is part of a neighborhood experiencing significant residential growth, with over 600 units recently completed or under construction. This presents a unique opportunity to establish a presence in a rapidly developing and highly sought-after area of downtown Raleigh.
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Killjoy Bar & Pub Nightclub
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BeeWell, LLC Corporate Office
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Jason Knight, CFP® Financial Advisor
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The Preferred Client Group Financial Advisor
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.