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    315 Southerland St Durham, NC 27703

    For Sale
    $799,900

    COMMERCIAL - Durham, NC

    Property size:
    5,032 SF
    Lot size:
    1.27 Acres
    Days on Market:
    44
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for 315 Southerland St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    RS-20
    APN
    159524
    Size
    5,032 SF
    Lot size
    1.27 Acres

    Building Details

    Year built
    1975

    Keller Williams Elite Realty (984) 244-5835 [email protected]

    Listing agent Michelle Edwards Mitchell (919) 484-2280

    Listing date Oct 23, 2025

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Durham Commercial Property on Southerland

    This well-maintained, brick multi-purpose building is situated on 1.27 acres. The property features a paved parking lot and has a lease already in place. Engineer drawings are available, showing the possibilities of adding 6-7 more units and additional parking. The property is located in Durham, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bioclean Restoration - Durham Water Damage Restoration Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Durhams Florist by Rachel

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.860739
    Latitude
    35.996861

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    FAQs

    What type of property is this?
    Storefront property - Well-maintained commercial building on 1.27 acres with ample parking.
    Where is this storefront property located?
    The property is located at 315 Southerland St Durham, NC.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: - Lease in place providing immediate income potential.; - Development potential for 6-7 additional units and parking (engineer drawings available).; - Large 2.24 acre lot with option to purchase 1 acre separately.
    (919) 484-2280
    Request Owner's contact information
    315 Southerland St Durham, NC 27703
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    Durham, NC 27703
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    315 Southerland St Durham, NC 27703
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