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3610 Bush St

23,456 SF Office Building Raleigh, NC 27609 $5,500,000 ($234/SF)

Investment Highlights

  • Building for Lease or For Sale

Executive Summary

Midas Commercial Investments LLC is pleased to exclusively offer the opportunity to purchase 3610 Bush Street, Raleigh, NC 27609. The property is a medical office building consisting of approximately 23,456 square feet, on 2.97 acres, located in the Midtown submarket in Raleigh, North Carolina. This vacant medical-office building, located a few blocks behind Duke Raleigh Hospital, within close proximity to WakeMed and UNC Rex Hospitals. The location offers quick access to I-440, I40, I540, downtown, and RDU International Airport. Ownership acquired the building in 2017 and has completed major renovations since.
Building Improvement Snapshot:
2017 HVAC Heat Exchanger Replacement (2 Units)
2018 & 2019 Building renovation and interior reconfiguration of approximately $ 1 million
2018 New elevator & elevator shaft (medical elevator to accommodate hospital bed)
2019 HVAC Replacement, New Roof, and Wi-Fi Thermostats Installed
2020 Building Interior Repainted
2021 New Parking Lot
2022 Sewer Line Sleeving & Repair, Fire Alarm Dialer Replacement, and HVAC Rooftop Unit Replacement
2023 Building Exterior Painted
2024 Fire Alarm Duct, Detector, & Sensor Replacement
2024 Front Entranceway Door & Glazing Replacement

Taxes & Operating Expenses (Actual - 2022)

Annual Annual Per SF

Taxes & Operating Expenses (Actual - 2022)

Property Facts

Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
23,456 SF
Building Class
B
Year Built/Renovated
1975/2019
Price
$5,500,000
Price Per SF
$234
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
10,000 SF
Slab To Slab
12’
Building FAR
0.18
Lot Size
2.97 AC
Zoning
Ix-3 - Mixed Use
Parking
89 Spaces (3.79 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Basement
  • 3,456 SF
  • Office/Medical
  • Full Build-Out
  • Now

Midas Commercial Investments LLC is pleased to exclusively offer the opportunity to purchase 3610 Bush Street, Raleigh, NC 27609. The property is a medical office building consisting of approximately 23,456 square feet, on 2.97 acres, located in the Midtown submarket in Raleigh, North Carolina. This vacant medical-office building, located a few blocks behind Duke Raleigh Hospital, within close proximity to WakeMed and UNC Rex Hospitals. The location offers quick access to I-440, I40, I540, downtown, and RDU International Airport. Ownership acquired the building in 2017 and has completed major renovations since. Building Improvement Snapshot: 2017 HVAC Heat Exchanger Replacement (2 Units) 2018 & 2019 Building renovation and interior reconfiguration of approximately $ 1 million 2018 New elevator & elevator shaft (medical elevator to accommodate hospital bed) 2019 HVAC Replacement, New Roof, and Wi-Fi Thermostats Installed 2020 Building Interior Repainted 2021 New Parking Lot 2022 Sewer Line Sleeving & Repair, Fire Alarm Dialer Replacement, and HVAC Rooftop Unit Replacement 2023 Building Exterior Painted 2024 Fire Alarm Duct, Detector, & Sensor Replacement 2024 Front Entranceway Door & Glazing Replacement

  • 1st Floor
  • 10,000 SF
  • Office/Medical
  • Full Build-Out
  • Now

Midas Commercial Investments LLC is pleased to exclusively offer the opportunity to purchase 3610 Bush Street, Raleigh, NC 27609. The property is a medical office building consisting of approximately 23,456 square feet, on 2.97 acres, located in the Midtown submarket in Raleigh, North Carolina. This vacant medical-office building, located a few blocks behind Duke Raleigh Hospital, within close proximity to WakeMed and UNC Rex Hospitals. The location offers quick access to I-440, I40, I540, downtown, and RDU International Airport. Ownership acquired the building in 2017 and has completed major renovations since. Building Improvement Snapshot: 2017 HVAC Heat Exchanger Replacement (2 Units) 2018 & 2019 Building renovation and interior reconfiguration of approximately $ 1 million 2018 New elevator & elevator shaft (medical elevator to accommodate hospital bed) 2019 HVAC Replacement, New Roof, and Wi-Fi Thermostats Installed 2020 Building Interior Repainted 2021 New Parking Lot 2022 Sewer Line Sleeving & Repair, Fire Alarm Dialer Replacement, and HVAC Rooftop Unit Replacement 2023 Building Exterior Painted 2024 Fire Alarm Duct, Detector, & Sensor Replacement 2024 Front Entranceway Door & Glazing Replacement

  • 2nd Floor
  • 10,000 SF
  • Office/Medical
  • Full Build-Out
  • Now

Midas Commercial Investments LLC is pleased to exclusively offer the opportunity to lease or purchase 3610 Bush Street, Raleigh, NC 27609. The property is a medical office building consisting of approximately 23,456 square feet, on 2.97 acres, located in the Midtown submarket in Raleigh, North Carolina. This vacant medical-office building, located a few blocks behind Duke Raleigh Hospital, within close proximity to WakeMed and UNC Rex Hospitals. The location offers quick access to I-440, I40, I540, downtown, and RDU International Airport. Ownership acquired the building in 2017 and has completed major renovations since. Building Improvement Snapshot: 2017 HVAC Heat Exchanger Replacement (2 Units) 2018 & 2019 Building renovation and interior reconfiguration of approximately $ 1 million 2018 New elevator & elevator shaft (medical elevator to accommodate hospital bed) 2019 HVAC Replacement, New Roof, and Wi-Fi Thermostats Installed 2020 Building Interior Repainted 2021 New Parking Lot 2022 Sewer Line Sleeving & Repair, Fire Alarm Dialer Replacement, and HVAC Rooftop Unit Replacement 2023 Building Exterior Painted 2024 Fire Alarm Duct, Detector, & Sensor Replacement 2024 Front Entranceway Door & Glazing Replacement

Space Size Space Use Condition Available
Basement 3,456 SF Office/Medical Full Build-Out Now
1st Floor 10,000 SF Office/Medical Full Build-Out Now
2nd Floor 10,000 SF Office/Medical Full Build-Out Now

Basement

Size
3,456 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

1st Floor

Size
10,000 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

2nd Floor

Size
10,000 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

Basement

Size 3,456 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

Midas Commercial Investments LLC is pleased to exclusively offer the opportunity to purchase 3610 Bush Street, Raleigh, NC 27609. The property is a medical office building consisting of approximately 23,456 square feet, on 2.97 acres, located in the Midtown submarket in Raleigh, North Carolina. This vacant medical-office building, located a few blocks behind Duke Raleigh Hospital, within close proximity to WakeMed and UNC Rex Hospitals. The location offers quick access to I-440, I40, I540, downtown, and RDU International Airport. Ownership acquired the building in 2017 and has completed major renovations since. Building Improvement Snapshot: 2017 HVAC Heat Exchanger Replacement (2 Units) 2018 & 2019 Building renovation and interior reconfiguration of approximately $ 1 million 2018 New elevator & elevator shaft (medical elevator to accommodate hospital bed) 2019 HVAC Replacement, New Roof, and Wi-Fi Thermostats Installed 2020 Building Interior Repainted 2021 New Parking Lot 2022 Sewer Line Sleeving & Repair, Fire Alarm Dialer Replacement, and HVAC Rooftop Unit Replacement 2023 Building Exterior Painted 2024 Fire Alarm Duct, Detector, & Sensor Replacement 2024 Front Entranceway Door & Glazing Replacement

1st Floor

Size 10,000 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

Midas Commercial Investments LLC is pleased to exclusively offer the opportunity to purchase 3610 Bush Street, Raleigh, NC 27609. The property is a medical office building consisting of approximately 23,456 square feet, on 2.97 acres, located in the Midtown submarket in Raleigh, North Carolina. This vacant medical-office building, located a few blocks behind Duke Raleigh Hospital, within close proximity to WakeMed and UNC Rex Hospitals. The location offers quick access to I-440, I40, I540, downtown, and RDU International Airport. Ownership acquired the building in 2017 and has completed major renovations since. Building Improvement Snapshot: 2017 HVAC Heat Exchanger Replacement (2 Units) 2018 & 2019 Building renovation and interior reconfiguration of approximately $ 1 million 2018 New elevator & elevator shaft (medical elevator to accommodate hospital bed) 2019 HVAC Replacement, New Roof, and Wi-Fi Thermostats Installed 2020 Building Interior Repainted 2021 New Parking Lot 2022 Sewer Line Sleeving & Repair, Fire Alarm Dialer Replacement, and HVAC Rooftop Unit Replacement 2023 Building Exterior Painted 2024 Fire Alarm Duct, Detector, & Sensor Replacement 2024 Front Entranceway Door & Glazing Replacement

2nd Floor

Size 10,000 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

Midas Commercial Investments LLC is pleased to exclusively offer the opportunity to lease or purchase 3610 Bush Street, Raleigh, NC 27609. The property is a medical office building consisting of approximately 23,456 square feet, on 2.97 acres, located in the Midtown submarket in Raleigh, North Carolina. This vacant medical-office building, located a few blocks behind Duke Raleigh Hospital, within close proximity to WakeMed and UNC Rex Hospitals. The location offers quick access to I-440, I40, I540, downtown, and RDU International Airport. Ownership acquired the building in 2017 and has completed major renovations since. Building Improvement Snapshot: 2017 HVAC Heat Exchanger Replacement (2 Units) 2018 & 2019 Building renovation and interior reconfiguration of approximately $ 1 million 2018 New elevator & elevator shaft (medical elevator to accommodate hospital bed) 2019 HVAC Replacement, New Roof, and Wi-Fi Thermostats Installed 2020 Building Interior Repainted 2021 New Parking Lot 2022 Sewer Line Sleeving & Repair, Fire Alarm Dialer Replacement, and HVAC Rooftop Unit Replacement 2023 Building Exterior Painted 2024 Fire Alarm Duct, Detector, & Sensor Replacement 2024 Front Entranceway Door & Glazing Replacement

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1715.07-58-2098-000
Land Assessment
$978,060 (2024)
Improvements Assessment
$1,445,191 (2024)
Total Assessment
$2,423,251 (2024)
  • Listing ID: 28815428

  • Date on Market: 6/21/2023

  • Last Updated:

  • Address: 3610 Bush St, Raleigh, NC 27609

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