421 Fayetteville StRaleigh, NC 27601

Property Details for 421 Fayetteville St

Year built

1985

Construction

CONCRETE

Lot size

1.11 AC

Property size (Sq ft)

196,608 SF

Zone code

DX-40

Property type

Retail properties

Property subtype

Parking lots & garages

APN

1703.42-66-9958 0131712

APU

1703426699580131712

Description

This exceptional Class A office space, located at 421 Fayetteville Street Suite 1100 in Raleigh, NC 27601, offers a variety of configurations to suit diverse business needs. The building, totaling 11,903 square feet, boasts 350 suites and currently has 5,970 square feet of vacant space available, with minimum divisible space starting at 10 square feet and maximum contiguous space of 1,300 square feet. The property features stunning 11th-floor views of City Plaza, offering a prestigious address in the heart of Raleigh's central business district. Renovated in 2019, the building includes a modern first-floor lobby, a state-of-the-art on-site fitness center, and a convenient sandwich/coffee bar. Its prime location provides easy access to major commercial markets throughout North Carolina and beyond, and its proximity to the new Marriott Hotel and the new Raleigh Convention Center adds significant value and convenience. The building is equipped with elevators and offers executive office, coworking, and creative office spaces, catering to a wide range of businesses. This is a unique opportunity to secure high-quality office space in a vibrant and thriving location. The property is located in Wake County and offers multiple tenancy options.

• CAP approach

  CAP return

  Valuation

  6%

  $70,055,200

  6.5%

  $64,666,340

  7%

  $60,047,316

• Comparable approach

  Method

  Valuation

  Relative Method

  $131,156,848

  Geo Method

  $113,726,088

• Alternative Use

  Use

  Valuation

  Residential

  $54,548,476

  Hospitality

  $49,966,112

  Educational

  $41,571,220

  Medical

  $43,000,916

  Retail

  $64,666,340

Location Insight

City

Raleigh

County

Wake

State

North Carolina

Latitude

35.7744

Longitude

-78.6394

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].