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Listed by Mamie Wilson Realty LLC
$ 5,000,000
Est. payment | /mo
8,000 SqFt
$ 5,000,000
Est. payment | /mo
8,000 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $625
Subdivision Not In A Subdivision
MLS Listing ID 10173029
HOA Y/N No
Year Built 1954
Annual Tax Amount $24,992
Lot Size 0.690 Acres
Acres 0.69
Lot Dimensions Survey needed
Property Sub-Type Retail
Source Doorify MLS
Land Area 8000
Property Description
EXCEPTIONAL INVESTMENT & REDEVELOPMENT OPPORTUNITY IN THE HEART OF DOWNTOWN DURHAM! Formerly home to Public Hardware, this property features an 8,000 sqft commercial building with an additional 4,000 sqft basement offering convenient access through walk-in and roll-up doors. Fenced lot with on-site parking adds versatility for a variety of potential uses. INCREDIBLE REDEVELOPMENT POTENTIAL! The property was previously approved by the City of Durham for a 15-story development featuring 4 levels of parking, over 200 multifamily residential units, and associated amenities and infrastructure, totaling over 350,000 sqft! Previous development plans remain on file with the Durham Planning Department under Case #A-D2300216 (501 N Mangum Street). Buyer to verify current approval status and development requirements with the City of Durham. PRIME downtown location within walking distance of restaurants, shopping, entertainment, and more! A RARE OPPORTUNITY to capitalize on the continued growth and revitalization of Downtown Durham!
Location
State NC
County Durham
Community Not In A Subdivision
Area 0.69
Rooms
Basement Exterior Entry, Walk-Out Access
Interior
Fireplace No
Exterior
Garage No
Building
Water Public
New Construction No
Others
Tax ID 0831-08-1442 and 0831-08-1343
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
