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    601 Fayetteville St Durham, NC 27701

    Sponsored
    For Sale
    $6,500,000

    Prime Durham location, three suites.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property presents a unique investment opportunity in Durham's vibrant Hayti District. Strategically located just off Highway 147, this 1.8-acre site enjoys unparalleled access to downtown Durham, placing it within a mile of the Durham Performing Arts Center and the Durham Bulls Athletic Park. The property's proximity to RDU International Airport (less than 15 miles) further enhances its appeal. The building comprises three distinct condo-style office suites, each offering a high level of functionality and flexibility. Suite 300 boasts a spacious reception area, seven private offices, three conference rooms, and a convenient break room. Suite 200 features a reception area, six private offices, one conference room, and a break room. The property's prime location, combined with its versatile layout and multiple suite options, makes it an ideal investment for a variety of commercial uses. The substantial lot size also offers potential for future expansion or development. This is a rare chance to acquire a significant commercial asset in a rapidly growing and highly desirable area of Durham. The asking price is $6,500,000.

    Property Features for 601 Fayetteville St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    78,408 SF

    Building Details

    Year Built
    1979
    Property Profile Location Intelligence

    Current Use by Public Records

    Trophy Smiles of Durham Dental Clinic Perry, Perry & Perry, ... Personal Injury Attorney Farrar Amy Taborn ... Dentist Legacy Studios - NC Photography Studio Dr. Arthur Reynolds Dentist

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.89774
    Latitude
    35.98653

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Durham location, three suites.
    Where is this office property / space located?
    The property is located at 601 Fayetteville St Durham, NC.
    What is the asking price?
    The asking price for this property is $6,500,000.
    (919) 572-5351
    Request Owner's contact information
    601 Fayetteville St Durham, NC 27701
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    Durham, NC 27701
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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
    601 Fayetteville St Durham, NC 27701
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