434 Fayetteville StRaleigh, NC 27601

Property Details for 434 Fayetteville St

Year built

1991

Lot size

0.55 AC

Property size (Sq ft)

490,100 SF

Zone code

DX-40

Property type

Office buildings

APN

1703.42-66-7978 0124468

APU

1703426679780124468

Description

This exceptional 29-story, Class A office tower in downtown Raleigh offers 441,000 square feet of prime office space. Located at the heart of the city on Fayetteville Street at Civic Center Plaza, this building boasts a prestigious tenant roster, including the Triangle headquarters of Truist Bank and several prominent Southeast law firms. Its strategic location provides unparalleled access to amenities, being directly connected to the Sheraton Hotel and adjacent to the Raleigh Marriott City Center and Raleigh Convention Center. The building itself offers a range of convenient amenities for tenants, including a fitness center, two tenant conference rooms, on-site management, and a sundry shop. Parking is readily available with on-site visitor parking, a nearby dedicated parking deck, and several city-owned parking decks within easy walking distance. The building's commitment to excellence is further evidenced by its receipt of the 2016-2017 BOMA Raleigh-Durham TOBY Award for outstanding building performance in the 250,000-499,999 square foot category. Flexible space options are available, ranging from 1,157 square feet to a maximum contiguous space of 16,473 square feet, making it suitable for a variety of business needs. Currently, 122,331 square feet of space is vacant and ready for immediate occupancy. The building was constructed in 1991 and is situated in Wake County. This is a truly remarkable opportunity to secure prestigious office space in one of Raleigh's most sought-after locations.

• CAP approach

  CAP return

  Valuation

  6%

  $118,797,296

  6.5%

  $109,659,048

  7%

  $101,826,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $129,740,016

  Geo Method

  $112,497,552

• Alternative Use

  Use

  Valuation

  Residential

  $135,977,216

  Hospitality

  $124,554,400

  Educational

  $103,627,800

  Medical

  $107,191,720

  Retail

  $161,198,800

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.7744

Longitude

-78.6401

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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