224 Dawson StRaleigh, NC 27601

  • Office properties
  • 29,504 SF
For Lease
$19.50/SF/YR View listing

Property Details for 224 Dawson St

Year built
1892
Construction
BRICK
Lot size
0.45 AC
Property size (Sq ft)
29,504 SF
Zone code
DX-5
Property type
Office properties
Property subtype
Office buildings
APN
1703.33-58-6034 0150909
APU
1703335860340150909

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,151,592
    6.5%
    $6,601,470
    7%
    $6,129,936
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,810,344
    Geo Method
    $6,772,348
  • Alternative Use

    Use
    Valuation
    Residential
    $8,185,823
    Hospitality
    $7,498,170
    Educational
    $6,238,389
    Medical
    $6,452,937
    Retail
    $9,704,161
224 Dawson St, Raleigh, North Carolina

Location Insight

City
Raleigh
County
Wake
State
North Carolina
Latitude
35.7774
Longitude
-78.6439
CBSA code
39580
CBSA name
RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$3,440,151
$2,492,091
$5,932,242
-
$3,440,151
$2,492,091
$5,932,242

FAQs

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