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327 S Wilmington St
Raleigh, NC 27601

$2,240,000 USD

Storefront Retail Office Condo For Sale  •  4,200 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 4,200 SF
  • Lot Size 1.23 AC
  • Year Built 2008
  • Tenancy Single
  • Zoning DX-40-SH
76 Transit Score
97 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1 Office/Retail 4,200 SF $2,240,000 USD
  • Unit Size: 4,200 SF
  • Condo Use: Office/Retail
  • Price: $2,240,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $533.33 USD
Description
This property is located at 327 S Wilmington St, Raleigh, NC, comprising a 4,200-square-foot condo on a 0.17-acre lot. The building is zoned DX-40-SH and is situated in downtown Raleigh, an area characterized by a mix of commercial, residential, and retail uses. The building, constructed in 2008, has been well-maintained and includes a restaurant space with dining and kitchen areas, including large walk-in refrigerator and freezer, prep area, two dry storage areas, seven parking deck spaces next to the rear door, grease trap storage, and upstairs apartment/office. There is a strong demand for commercial properties in the downtown Raleigh area, with this space located on a busy street close to the city’s center. More info in photos and flyer. The existing restaurant is also for sale. Please contact agent for details.

Sale Notes
Dining room furniture and kitchen equipment is not included in the sale price, but would be considered for purchase, as is the Clyde Cooper's BBQ restaurant name, all IP, and business. Pricing for the business is forthcoming.

Description 

Property Summary
This property is located at 327 S Wilmington St, Raleigh, NC, comprising a 4,240 square foot condo on a 0.17-acre lot. The building is zoned DX-5-UL and is situated in downtown Raleigh, an area characterized by a mix of commercial, residential, and retail uses. The building, constructed in 2008 and improved in 2014, has been well-maintained and includes a restaurant space with dining and kitchen areas, including both walk-in refrigerator and freezer, prep area, two dry storage areas, seven parking deck spaces next to the rear door, grease trap storage, and upstairs mezzanine with an apartment/office/storage area and full bathroom with shower. There is a strong demand for commercial properties in the downtown Raleigh area, with this space located on a busy street close to the city’s center. The local economy is robust, supported by a diverse employment base and a growing population. Comparable sales of similar properties in the area indicate a competitive market with ever-rising property values.

Highlights

Walkable (Walk score: 98)
Bikeable (Bike score: 92)
City Center
High ceilings
Natural light
Reserved parking

Property Flyers

Financial Summary

Total Expenses: $10,262 USD

Amenities

  • 24 Hour Access
  • Restaurant
  • Security System
  • Wheelchair Accessible
  • Storage Space
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Raleigh Union Station (Piedmont - North Carolina by Train (NC Train)) 3 min 17 min 0.9 mi
Cary Station (Piedmont - North Carolina by Train (NC Train)) 18 min - 9.5 mi
AirportDriveWalkDistance
Raleigh-Durham International 25 min - 15.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Crash Gregg 919-828-8888 Hodge & Kittrell Sotheby's International Realty
Crash Gregg 919-828-8888 Hodge & Kittrell Sotheby's International Realty