701 Mutual Court 200
Raleigh, NC, 27615 $ 1,650,000
Bedrooms-- Baths-- Sq 4,034 Monthly Estimate*
$ 11,396
for $1,650,000. This 4,034 square foot building was built in 2016 on a lot size of 1.79.
Prime office opportunity in North Raleigh at 701 Mutual Court. Only the second floor (Suite 200) is for sale. The first floor (Suite 100) is fully leased to Alpha Male Wellness and is not part of the offering. The building totals 8,068 square feet, and the available second floor consists of 4,034 square feet ready for customization. Suite 200 is in vanilla box condition and needs a full build-out, making it ideal for an owner-user who wants to design their space from the ground up. The suite needs sheetrock repair, full interior paint, completion of the framed conference room including sheetrock and doors, installation of two bathrooms in the rear center of the space, interior glass added to several offices facing the waiting area, and final HVAC distribution such as ductwork. The existing layout includes four large offices on the right side, a spacious open lobby and waiting area at the entrance, a large conference room behind the waiting area, three large offices on the left side, and a framed break room on the left-center. The suite was previously occupied by Union Bank, and bank use is restricted until December 18, 2028. The building features large lobbies, elevator access, and a professional presence in one of Raleigh's strongest and most resilient submarkets. The property sits just off Falls of Neuse Road and Strickland Road with easy access to Highway 540, Downtown Raleigh, and RDU International Airport. There is steady traffic flow in the area, strong surrounding demographics, and a GoRaleigh bus stop located directly in the cul-de-sac. Within a three-mile radius, the area includes nearly 69,000 residents and over 31,000 households, with a median home value above $400,000 in nearby neighborhoods. Wake County values the entire building at $3,196,680, and the parcel is zoned OX-4 (Office Mixed Use). This is a rare chance to purchase a full second floor in a well-located North Raleigh office building, perfect for an owner-user or investor seeking a customizable space in a high-growth market. Schedule your showing for Suite 200 at 701 Mutual Court today.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Zoning OX-4
Construction Materials Brick
Year Built 2016
Stories Count 2
Unit Number 200
Property Subtype Office
Business Type Accounting Administrative and Support Advertising Athletic Barber/Beauty Commercial Computer Dental Employment Financial Fitness Health Services Medical Photographer Professional Service Professional/Office Real Estate Other
Accessibility Accessible Approach with Ramp Accessible Common Area Accessible Elevator Installed Accessible Hallway(s)
County Wake
New Construction false
Property Type Commercial Sale
Subdivision Name Bent Tree
Possible Use Medical/Dental Mixed Use Office
Building Features High Speed Internet
Status Active
Directions From RDU Airport take I-40 West to Hwy 540 East then exit # 7 Leesville Road Turn Right on Leesville Road then Left on Strickland Road Turn Right on Mutual Court
City Raleigh
Lot Size Units Acres
Lot Size Square Feet 77972
Availability Date 2025-12-02
Structure Type Office Site Built
Standard Status Active
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InteriorInterior Amenities Open Floorplan Tray Ceiling(s)
Flooring Concrete
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorLot Features Corner Lot Cul-De-Sac Few Trees Near Public Transit Open Lot Paved
Water Source Public
Lot Size Area 1.79
Building Area Total 4034
Lot Dimensions 397 x 40 x 165 x 436
Lot Size Acres 1.79
Road Surface Type Asphalt Paved
Road Frontage Type City Street State Road 4 Lane Road Public Road Divided Road
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* Excluded FeaturesList BySteve GilloolyListing Agent
Gillooly & Associates RealtyBroker
sgillooly@gilloolyrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,396
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Raleigh, NC
Average List Price $1,323,177
Percent of Sale Price 20%
About Raleigh, NC 449,258 Population
53% Since 2002
$ 61,541 Median Income
35.12 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/19/2026 | $1,650,000 | | Listed Price |