Blue Ridge Realty, a regional developer, purchased the religious facility at 630 North St. in Raleigh, NC from Pointe Development Co. for $1.85 million, or about $113 per square foot.
The 16,430-square-foot building was constructed in 1975. It was vacant at the time of sale. The exact development plans are unknown at this time.
Both parties were self-represented in the transaction.
Please see CoStar COMP #3022123 for more information on the transaction.