720 St Marys St Raleigh, NC 27605
This charming 1,466-square-foot creative office building, located at 720 St Marys Street in Raleigh, NC, presents a unique owner-user investment opportunity. Built in 1930 and extensively renovated in 2024, this single-story bungalow boasts updated finishes throughout. The property sits on a 0.14-acre lot and benefits from OX-3 zoning, allowing for a variety of commercial uses. Recent improvements include a new roof, structural enhancements, and exterior paint (2017), a new HVAC system (2015), and a new hot water heater (2024). Its prime location in Raleigh's Glenwood South District places it within walking distance of vibrant amenities and close proximity to NC State University, Meredith College, and Pullen Park. The property is also conveniently situated across the street from Broughton Magnet High School. This historic building, situated within the Glenwood-Brooklyn Historic Overlay District (HOD-S), offers a blend of character and modern functionality, making it ideal for a professional services firm, creative agency, or unique retail boutique. The asking price is $995,000. This is a rare opportunity to acquire a meticulously maintained and updated property in a highly desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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