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830-832 Wake Forest RoadRaleigh, NC 27604

MARCUS JACKSON(919) 645·1428 (Direct)(919) 616·3284 (Mobile)

[email protected]

CONTACT

TradeMark Properties 1001 Wade Avenue, Suite 300, Raleigh, NC 27605 www.trademarkproperties.com

(919) 782·5552 (Office)

NORTH PERSON

BUSINESS DISTRICT

HAVEN HOUSE SERVICES

COMMERCIAL OFFICE BUILDING FOR SALENORTH PERSON BUSINESS DISTRICT

DOWNTOWN RALEIGH

PRICE REDUCED TO $995,000

REDUCED

PRIC

E

22

PROPERTY OVERVIEW

The subject parcels include a land tract of 0.19 acres that primarily includes 13 parking spaces, plus the 4,089 SF home built in 1924 that functions as the Outreach Center. Total acreage of the two parcels is 0.44. The site is prominent as it is situated at the corner of Wake Forest Road and Sasser Street. Traffic count on Wake Forest Road is at 13,000 VPD.

The property is part of the Mordecai Neighborhood Conservation Overlay District (NCOD), which is a zoning tool used to preserve, revitalize,

protect and enhance significant older areas with a community beyond what is specified in the standard city code. NCOD’s will regulate fewer features versus a Historic Overlay District and will focus more on significant character defining features, such as lot size, building height, setbacks, streetscapes and tree protection. We do not think the NCOD will impact a buyer materially, unless they planned to add a building or demolish and rebuild. A buyer would need to confirm.

TRADEMARK PROPERTIES1001 Wade Avenue

Suite 300Raleigh, NC 27605

(919) 782-5552www.trademarkproperties.com

TradeMark Properties

COMMERCIALOFFICE BUILDING

FOR SALE

NORTH PERSON

BUSINESS DISTRICT


• Approx. 4,089 SF two-story building • Conference room• Reception/entry room• 10 rooms for offices• Full kitchen• Three full baths• Laundry room• Two fireplaces• 9 foot ceilings• Full walk-out basement and walk-up attic• 13 parking spaces• PINS 1704839210 / 1704839267• Approximately .44 acres• Zoning O & I-1/ OX-3 NCOD• Building will be vacated by current owner/

occupant

PROPERTY DETAILS

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33

NORTH PERSON BUSINESS DISTRICT

The subject property has risen significantly in value since its purchase by Haven House in 1992, due to the dramatic revitalization pace in Downtown Raleigh, the increasing traffic count on Wake Forest Road and rise of the North Person Business District as one of the hottest new restaurant and entertainment destinations in the Triangle. In fact, USA Today in 2014 named it “10 Best: Up-and-coming neighborhoods around the USA”. The District has also garnered other media attention.

Combine the above momentum factors with the fact that the north side of downtown is going through its own renaissance with

the growth of William Peace University and the pending $100 million plus redevelopment of Seaboard Station to include a new Harris Teeter grocery store. In addition to Seaboard Station, there has been a new Publix announced, which will front Peace Street at West Street. Also, there is a rumored Target to be going on the State property at Peace Street at Wilmington Street.

In the last several years, a number of retailers and other businesses have established themselves in the area highly walkable from the subject property to include a number of great restaurants, bars, retail shops and even CityVet. And neighborhood revitalization has continued with the development of new homes, including the Oakdale at Mordecai subdivision several hundred yards from Haven House, where Robuck Homes is selling 35-72 homes for $500,000-$700,000 each. Revitalization is enhanced by the Person Street Partnership, which can be found at http://www.northperson.com/. It is a formal organization that helps guide and coordinate management and planning of the District. Marcus Jackson of TradeMark attends their quarterly meetings, as a representative of William Peace University.

William Peace University The Station Crawford & Son City Farm

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FOR SALE

NORTH PERSON

BUSINESS DISTRICT


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DOWNTOWN RALEIGH - INTENSE REVITALIZATION

By any measure, Downtown Raleigh has been exploding with growth. Since 2005, Downtown has witnessed over $2.75 billion in development completed, which has added new residences, convention space, offices, retail, entertainment venues, hotels and restaurants. The future is even brighter with accelerating growth and escalating values. There is currently $350 million under construction and a pipeline of $1.1 billion worth of development projects. And on the northern side of downtown, the growth is just getting started, triggered by its superior access versus the core of downtown. A mixed-use project anchored by Publix and another mixed-use project anchored by Harris Teeter at Seaboard Station will add close to $200 million in development just along Peace Street. And there are numerous high profile traffic improvements being planned to make this area even more accessible.

The first and most substantial traffic improvement in northern downtown is the funded restructure of the Capital Boulevard and Peace Street interchange. This project started construction at year-end 2016 and will be completed by 2020. In tandem with this project will be the redevelopment of 10 acres of City property at the interchange Northwest corner into Park Devereux, the location of the former historic baseball park by the same name. A video of the proposed new interchange can be found by searching for “Capital Boulevard Bridge Replacements” on YouTube or click here.

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FOR SALE

NORTH PERSON

BUSINESS DISTRICT


55


CAPITAL BLVD.

PEAC

E ST

REET

SEABOARD STATION

ELAN CITYCENTER

GLENWOOD AVENUE

THE VILLAGEAT PILOT MILL

STATE GOVERNMENT

SITE

MORDECAIHISTORIC PARK

AND HOME

WAKE FOREST ROAD

PERSON STREET

SALVATIONARMY

NORTH PERSONBUSINESS DISTRICT

FUTUREHARRIS TEETER

GLENWOODSOUTH THE WEST

CONDOS FUTURE

BROUGHTON HIGH SCHOOL

Also on tap is a significant realignment of the Blount Street and Person Street traffic corridor to improve the efficiency of traffic flow. The City has conducted public meetings and assimilated the feedback into a vision, which we do have a copy of. It involves a likely “two-laning” of Person Street along the primary commercial area along with a potential traffic circle at Wake Forest Road and Person Street, plus other enhancements.

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FOR SALE

NORTH PERSON

BUSINESS DISTRICT


66


SEABOARD STATION

CAPITAL B

LVD.

ELAN CITYCENTER

FUTUREPROPOSED

TARGETPEACE STREET

THE VILLAGEAT PILOT MILL

FUTUREHARRIS TEETER

BURNING COAL THEATRE

SITE

MORDECAIHISTORIC PARK

AND HOME

NORTH PERSONBUSINESS DISTRICT

WAK

E FO

REST

RO

AD

PERSON

STREET

SALVATIONARMY

STATE GOVERNMENT

With all the traffic improvements on the north side of downtown, there are two grocery stores that have announced new deals. One is a Publix that will go into a large scale mixed-use project at Peace Street and West Street. The other is a Harris Teeter that will locate within a redeveloped Seaboard Station on Peace Street and adjacent to William Peace University.

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FOR SALE

NORTH PERSON

BUSINESS DISTRICT


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FLOOR PLAN - 1ST FLOOR=.5in=3inches

ConferenceRoom

Closet

Closet

DiningAreaKidsplayareaLivingArea

Kitchen

ClothingCloset

Closet

Bathroom

PrivateMeetingRoom

PrivateMeetingRoom

SupplyRoom

Bathroom

↑ ↓

↑

For illustration purposes only. Plan not to scale.

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FOR SALE

NORTH PERSON

BUSINESS DISTRICT


Office

Conference Room

Office

Office

Closet

Clo

set

Clo

set

Bathroom

Bathroom

KitchenOffice

Office/ Conference room

Entry ReceptionDining Area

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FLOOR PLAN - 2ND FLOOR

Office Office

Office

Office

Office

Bathroom

Closet

Closet

ClosetCloset

Laundry Area

For illustration purposes only. Plan not to scale.8






FOR SALE

NORTH PERSON

BUSINESS DISTRICT


9

PROPOSED ZONING

Description Office Mixed Use (OX-) with Height up to 3-stories with NCOD.

OX- (Office Mixed Use): This district is intended to provide for a variety of office and employment uses while allowing for housing and ancillary retail. Limited retail and service-related options are allowed subject to use standards that restrict the size and scale of each use. OX- is not intended to provide for areas exclusively dominated by office or employment uses but provide for developments that balance employment and housing options with access to convenience retail services and goods. OX- can serve as a land use transition between other mixed use districts and residential neighborhoods.

Height 3 stories / 50 feet max

-NCOD (Neighborhood Conservation Overlay District): This overlay preserves and enhances the general quality and appearance of older neighborhoods, for it is recognized that built environmental characteristics are a major part of the identity and positive image of the City. Through the regulation of street design, greenways, rights-of-way and built environmental characteristics, -NCOD stabilizes and improves property values and promotes local design qualities. By respecting the context of existing built environmental characteristics, the -NCOD reduces conflicts between new construction and existing development, and it encourages compatible infill development.

SITE

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FOR SALE

NORTH PERSON

BUSINESS DISTRICT


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LOCATION MAPS

WILLIAMPEACE

UNIVERSITY CITYFARM

RETAILCENTER

BRYAN-LEEFUNERAL HOME

RETROFITNESS

SALVATIONARMY

SITE

FUTUREROUNDABOUT

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FOR SALE

NORTH PERSON

BUSINESS DISTRICT


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