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Historic Downtown Durham Retail & Office Bldg 401 E Chapel Hill St
6,170 SF Vacant Retail Building Durham, NC 27701 $2,400,000 ($389/SF)
Investment Highlights
- Fully renovated historic building with highly visible corner location
- Located in the City Center District, just minutes from Duke University/Hospital, NCCU, and RTP
- Separate entrances/street addresses and dedicated HVAC systems/controls for each floor
- Leased street level space to long standing restaurant, Rue Cler
- Turnkey second floor office space with mix of open area and private offices
- Potential to convert the second floor into lucrative residential use and capitalize on substantial historic building tax credits
Executive Summary
Upstairs is a turnkey office with a mix of open and private areas ideal for a business looking for collaborative space. The upstairs can also be converted to residential use, with views of the historic 1920s post office across the street.
This property is ideal for an owner occupant who can utilize the upstairs space for office/residential use while collecting rent from a market-rate lease. Its attractive facade/street presence, City Center District location, as well as its proximity to Duke University/Hospital, 9th Street, and the Durham Fwy (among other area amenities) make the property an ideal purchase for those looking for a true downtown gem.
Property Facts
Amenities
- Bus Line
- Signage
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
SVN | Real Estate Associates is pleased to offer for lease the second floor suite at 401 E. Chapel Hill Street in downtown Durham, NC. This approximately 3,000 SF space features a beautiful corner presence at the intersection of Rigsbee Avenue and is located above long-established French restaurant, Rue Cler. The space is currently a turnkey office with a mix of open and private areas, making it ideal for a business looking for collaborative space in the heart of downtown.
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 3,000 SF | Office | - | Now |
2nd Floor
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size | 3,000 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
SVN | Real Estate Associates is pleased to offer for lease the second floor suite at 401 E. Chapel Hill Street in downtown Durham, NC. This approximately 3,000 SF space features a beautiful corner presence at the intersection of Rigsbee Avenue and is located above long-established French restaurant, Rue Cler. The space is currently a turnkey office with a mix of open and private areas, making it ideal for a business looking for collaborative space in the heart of downtown.
PROPERTY TAXES
| Parcel Number | 102974 | Improvements Assessment | $902,553 |
| Land Assessment | $241,758 | Total Assessment | $1,144,311 |
PROPERTY TAXES
-
Carey Greene -
Shara Nejad -
SVN | Real Estate Associates
Presented by
Historic Downtown Durham Retail & Office Bldg | 401 E Chapel Hill St
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