207 S Salisbury St
Raleigh, NC 27601

Marcus & Millichap is pleased to offer, to qualified investors, the opportunity to acquire 208 Fayetteville Street, a 27,270 square foot redevelopment project available for both office or street retail. Built in 1935, the property was previously owned by Hudson Belk and then purchased by the North Carolina State Bar, who renovated the building in 1998. In an excellent location, 208 Fayetteville Street is close to the intersection of two major roads, Fayetteville and Hargett Streets. This area is considered Raleigh' s central entertainment and restaurant district. Highlights include James Beard award winning chef Ashley Christensen' s restaurants Beasley' s Chicken + Honey, Death + Taxes, and others, as well as regional entertainment venues such as the Duke Energy Center for the Performing Arts and more. Also considered Raleigh' s central business district, Fayetteville Street is home to major companies such as Capital Bank, Duke Energy, and Wells Fargo. With its technology and innovation sector growing at a rapid pace, downtown Raleigh has also seen many tech companies move in, including Citrix and Red Hat to name a few. In 2015, Forbes ranked Raleigh as the #2 city for creating technology jobs. As a whole, the Raleigh market is growing at a rapid pace with a population expected to increase by over 70% in the next 25 years. This expected growth has led to an investment of $1.1 Billion in recently finished, under construction, and planned developments throughout the city. 208 Fayetteville Street presents a unique opportunity to acquire a well-located asset in one of the nations fastest growing downtown areas. We are proud to offer this property at a price of $4,500,000.