Raleigh-Durham Real Estate

Raleigh-Durham Real Estate

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Find Your Next Raleigh Durham Home

$3,495,000
10189819 MLS ACTIVE Status
Prime commercial opportunity to acquire the entire two-story, 8,068 SF office building at 701 Mutual Court in North Raleigh. The property combines immediate income from the fully leased first floor with substantial owner-user and value-add potential through completing and leasing up the vacant second floor. The building consists of two approximately 4,034 SF floors with spacious entry lobbies and elevator access to the second floor. Suite 100 encompasses the entire 4,034 SF first floor and is fully leased to Alpha Male Wellness, LLC. The initial lease term runs through July 20, 2030, with one additional 5-year renewal option. Current scheduled base rent is approximately $10,906.93/month, or $130,883.13 annually, with 3% annual rent escalations. In addition to base rent, the tenant is responsible for a 50% proportionate share of applicable taxes, insurance, and common area/property operating expenses, subject to annual reconciliation. The lease originally estimated these reimbursements at approximately $1,176.58/month. Suite 200 encompasses the entire 4,034 SF second floor and is vacant and ready for customization, offering an excellent opportunity for a new tenant, owner-user, or investor seeking additional rental income. The space is in vanilla-box condition. Remaining work includes sheetrock repairs and interior painting; completing the center conference room using existing steel studs; installing two full bathrooms; installing glass panels in several offices facing the waiting area; and completing HVAC ductwork and related components. The existing Suite 200 layout includes four large offices along the right side, a large open reception/waiting area at the front lobby entrance, a large conference room behind the waiting area, three additional offices along the left side, a centrally located break room, and designated space for two bathrooms in the rear center. Suite 200 was previously occupied by Union Bank. Bank use is prohibited until December 31, 2028. Excellent North Raleigh location just off Falls of Neuse Road and Strickland Road with convenient access to I-540 and major Triangle destinations. Approximately 1 mile to I-540, 9 miles to Downtown Raleigh, 12.6 miles to RDU International Airport, and 0.1 mile to Bent Tree Plaza for grocery, restaurants, retail, and services. GoRaleigh Route 2 bus service is located nearby at Falls of Neuse Road and Strickland Road. The surrounding corridor carries approximately 15,000 vehicles per day on Strickland Road and approximately 32,000 vehicles per day on Falls of Neuse Road near the intersection. Area demographics include approximately 68,972 residents and 31,015 households within a 3-mile radius, with a median home value of approximately $401,515 within a 2-mile radius. Wake County tax value for the entire building is $3,196,680. Parcel ID 1708908294. Zoned OX-4, Office Mixed Use, offering flexibility for professional office, medical, dental, health services, and other permitted commercial uses. Annual HOA dues are $2,500 for the entire building. Electricity averages approximately $1,073/month, and Wake County property taxes are approximately $27,878.24 annually. 701 Mutual Court offers existing income, built-in rental growth, and significant upside through occupancy or lease-up of the vacant second floor. Ideal for an investor, owner-user, or hybrid owner-user strategy in a high-growth North Raleigh and Research Triangle location. Schedule your showing today.

701 Mutual Ct Unit 100 200, Raleigh

$635,000
4 Beds 4 Baths 10189775 MLS ACTIVE Status
Rare opportunity in North Raleigh's desirable North Ridge Pointe community! Situated on one of the largest lots in the neighborhood, this nearly new 2024-built home offers exceptional privacy and the feel of a single-family residence, with the only connection to the neighboring home occurring at the exterior storage room. A mature tree buffer along the left side creates an added sense of space and seclusion. The sought-after Linden II floor plan delivers 4 bedrooms, 4 full baths, and a 2-car garage across three thoughtfully designed levels. Inside, the light-filled open-concept main level is designed for effortless entertaining, anchored by a stunning gourmet kitchen featuring crisp white cabinetry, a statement sage green island, white quartz countertops, stylish hexagon backsplash, stainless steel appliances, and generous prep and storage space, all flowing seamlessly into the spacious living area with a cozy gas fireplace. A main-level guest bedroom with a full bath provides incredible flexibility for overnight guests, multigenerational living, or a private home office. Upstairs, the spacious primary suite is a relaxing retreat with a large walk-in closet and spa-inspired bath featuring a tiled walk-in shower with built-in seat, soaking garden tub, and dual vanity, while the conveniently located laundry room with utility sink adds everyday functionality. The finished third-floor bonus room with its own private full bath offers even more versatility as a media room, game room, guest suite, fitness space, or second home office. Enjoy outdoor living from the screened porch or step onto the extended paver patio, perfect for grilling, entertaining, and taking advantage of the oversized lot. Additional upgrades include an EV charger outlet, abundant storage, and beautifully maintained landscaping. Ideally positioned with convenient access to I-540, Falls of Neuse Road, Midtown Raleigh, shopping, dining, parks, and everyday conveniences.

7701 Litcham Dr, Raleigh

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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .