400 Fayetteville St Raleigh, NC 27601
- Retail space
- 12,430 SF
Current Use by Public Records
- Sir Walter Apartments / Housing Complex
- iSupportB2B / Computer Service
- Royal Drug store delivery / Drug Store
- PostScript Outreach / Non-Profit Organization
- Brewgaloo / Non-Profit Organization
Property Details for 400 Fayetteville St
- Year built
- 1923
- Construction
- BRICK
- Property size
- 12,430 SF
- Zone code
- DX-12
- Property type
- Retail space
- APN
- 1703.42-67-8312 0463324
- APU
- 1703426783120463324
Description
This exceptional retail opportunity presents 190,518 square feet of prime commercial space located at 400 Fayetteville Street in the heart of Raleigh, North Carolina. The property, known as Sir Walter Raleigh, is a multi-tenant strip center built in 1924 and situated in Wake County, zip code 27601. Seven individual spaces are currently available, ranging from a minimum of 969 square feet to a maximum contiguous space of 3,916 square feet. A total of 13,294 square feet is currently vacant, offering significant potential for immediate occupancy. This historic building provides a unique blend of character and modern functionality, ideal for a variety of retail businesses. Its central location in Raleigh offers unparalleled access to a thriving customer base and excellent visibility. The property's substantial size and flexible space options make it suitable for both single and multi-tenant occupancy. Interested parties are encouraged to inquire about lease terms and availability for these highly desirable retail spaces. The property's location offers easy access to major transportation routes and is surrounded by a vibrant mix of residential and commercial developments. This is a rare chance to secure a prominent retail presence in one of Raleigh's most sought-after locations.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $505,000
- 6.5%
- $510,000
- 7%
- $605,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $505,000
- Geo Method
- $570,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $610,000
- Retail
- $560,000
- Mixed-Use
- $535,000
- Hospitality
- $540,000
- Educational
- $485,000
- Residential Income
- $660,000
- Energy
- $540,000
- Income-Based Land
- $585,000
- Food Service
- $615,000
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6399
- Latitude
- 35.7754
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
