112 W Main St 8,950 SF 100% Leased Retail Building Durham, NC 27701 $2,950,000 ($329.61/SF)
INVESTMENT HIGHLIGHTS
- "First and Main" location with frontage along Black Wall Street on Parrish St.
- Great opportunity for a business to occupy space plus income
- Excellent condition
- Surrounded by numerous shops, bars, restaurants, residential
EXECUTIVE SUMMARY
112 W. Main St. is located in the vibrant Downtown core surrounded by numerous residential developments, award-winning restaurants, bars, and is situated within the newly designated Bullpen Social District. Walk to the American Tobacco Campus, Durham Performing Arts Center, and other notable Districts in minutes. The building is anchored by popular Luna Restaurant along W. Main St. and Durham Vintage Collective on Black Wall Street's Parrish St. side. The second floor is vacant ready for its next iteration as retail, office, or residential
ideally for an owner-occupant or for investors to reimagine.
ideally for an owner-occupant or for investors to reimagine.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,950 SF
Building Class
C
Year Built/Renovated
1920/2015
Price
$2,950,000
Price Per SF
$329.61
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.87
Lot Size
0.11 AC
Zoning
DD - DD
AMENITIES
- 24 Hour Access
- Bus Line
- Signage
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 102775 | Improvements Assessment | $1,685,373 |
| Land Assessment | $279,655 | Total Assessment | $1,965,028 |
