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    Office buildings

    224 S Dawson St, Raleigh, NC 27601

    29,504 SF 0.45 ac lot Built 1892
    Individually Owned 23-yr Hold Free & Clear
    Property ID
    US53-1771917
    Property summary
    AI-generated overview

    This exceptional commercial property at 224 S Dawson St, Raleigh, NC, offers a unique blend of historic charm and modern functionality. Situated in the heart of Raleigh's Warehouse District, this two-story building, constructed in 1892 and renovated in 1950, boasts a total of 28,748 square feet of versatile space. The property is ideally suited for a variety of uses, including traditional office, creative office, and coworking spaces. Multiple tenancy options are available, with a minimum divisible space of 6,000 square feet and the possibility of leasing the entire 28,748 square feet contiguously. Located just blocks from the Raleigh Convention Center, this prime location benefits from the energy and vibrancy of the Warehouse District, known for its art galleries, studios, restaurants, and thriving nightlife. The building's rich history and central location provide an unparalleled opportunity for businesses seeking a unique and dynamic workspace within a highly sought-after area of downtown Raleigh. The property is situated in Wake County, NC, and offers easy access to major transportation routes and amenities. This is a rare opportunity to secure a prominent presence in one of Raleigh's most exciting and rapidly developing neighborhoods. The building's adaptable space allows for customization to meet the specific needs of various businesses, making it an ideal choice for companies seeking a flexible and inspiring work environment. The zip code is 27601.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1892
    Construction BRICK
    Total area 29,504 SF
    Lot 0.45 ac (19,602 SF)
    Zoning code DX-5
    APN 1703.33-58-6034 0150909
    UPID US53-1771917
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Legal Aid of North Carolina-Raleigh office Law Firm
    • North Carolina Justice Center Charitable Organization Social Service Agency
    • NC Policy Watch Charitable Organization Social Service Agency
    • Nc Justice & Community Development Center - Food Distribution Center Food Bank Charitable Organization
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.97M
    Owner & transaction history
    Aid N Legal · 23 yrs held
    Aid N Legal
    since 2003
    4 recorded transactions
    2020
    2003
    2003
    1969
    Zoning & alternative use
    DX-5 · Raleigh, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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