400 West

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400 West

Raleigh, NC 27603
Asking Price
$2.15M
Asset Type
Retail
Class
Class B

What's Special

400 West is located in the Warehouse District of downtown Raleigh, North Carolina. This neighborhood is characterized by a mix of repurposed industrial buildings, contemporary residential developments, and creative office spaces. The property is situated near established points of interest, including the Contemporary Art Museum (CAM) and Union Station, which serves as a regional transit hub for rail and bus services. Local infrastructure supports both pedestrian traffic and vehicle accessibility, with the site surrounded by various dining establishments, galleries, and professional services. The retail space at this location is suited for businesses seeking a presence in an urban mixed-use environment. Ideal use cases include boutique showrooms, specialty food and beverage concepts, or service-oriented storefronts. Typical tenants for this asset type often include local entrepreneurs, regional retail brands, or fitness facilitators catering to the growing central business district population. The surrounding density of residents and office workers provides a consistent potential customer base for commercial operators seeking proximity to downtown Raleigh activity.

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NOI
$80,000
Cap Rate
3.72%
DSCR
0.63
Underwater
Cash-on-Cash
-7.39%
Monthly Payment
$10,637.027
Annual Cash Flow
$-47,644.323

Location & Travel Times