17 Martin St Raleigh, NC 27601
This exceptional two-story, 5,776 square foot office building, located at 17-19 W Martin St in downtown Raleigh, NC, presents a unique investment opportunity. Built in 1910, this Class B property boasts a blend of historic character and modern functionality, ideal for a variety of office uses including traditional office, executive suites, coworking spaces, or creative office environments. The building features two suites, currently fully vacant, offering immediate occupancy. Amenities include ample natural light from large windows in every office, a convenient reception area directly off the elevator on both floors, and two private restrooms per floor. An open kitchenette with operable appliances adds to the convenience. The property also benefits from an exterior open courtyard. Its prime location offers convenient walking distance to a variety of downtown restaurants and retail shops, and is directly across the street from the Wilmington Street Station Parking Deck, ensuring easy access for employees and clients. The building is zoned BUS and is situated in Wake County, zip code 27601. With its versatile space and desirable location, this property is poised for immediate success. The building has one structure, two stories, and includes elevators.
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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.