Pinnacle Downtown Raleigh Property For Sale

Pinnacle Downtown Raleigh Property For Sale

414 Fayetteville St. | Raleigh, NC 27601

CityPlat is pleased to present 414 Fayetteville St, Raleigh. A 24,015 sq/ft 5 story building situated in the heart of downtown. The building sits on a .21-acre lot that stretches from Fayetteville street to Salisbury. The property is currently fully leased. Located in the back of the lot facing Salisbury street is a parking lot. To the right of the lot is the Sir Walter Raleigh Apartments and to the left is the Sheraton Hotel. The property is also a 3-minute walk to the convention center. The property is currently zoned DX-40 allowing for a new owner to redevelop the property into a hotel as Raleigh continues its rapid expansion.

Key Offering Highlights

  • Pinnacle location on Fayetteville St. in downtown Raleigh
  • 24,015 sq/ft of office space
  • Zoned DX-40 allowing for redevelopment
  • Building is fully leased
  • Lot size .21-acres
  • Parking spaces in rear of property
  • Heavy foot traffic
  • 3-minute walk to convention center
  • FOR SALE | $9,000,000
  • CAP RATE | 4.84%
  • NOI | $436,026.21