Downtown Durham Mixed-Use
For Sale
Contact for pricing
114 E Main St, Durham, NC 27701
Historic building with modern upgrades, suitable for multiple uses.
Property Size2,386 SF
Price / SF$347.86
Days on Market149
Property Features for 114 E Main St
General Information
Standard status
Active
Size
2,386 SF
Property subtype
Retail, Mixed Use
Zoning
DD-C (Downtown Design - Core)
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
1920
Year Renovated
1998
Buildings
1
Tenancy
Multi
Listing Agency:
Elite Commercial Group
Listed By:
Paulina Bohorquez · License #222259
(919) 985-9416
Source:
Crexi
Added: May 20
Changed: Oct 11
Last Checked: Oct 14 at 9:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elite Commercial Group
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Investment Insights
Based on property information with market context.
This mixed-use property is located in downtown Durham, offering a blend of historic charm and modern upgrades. Its location provides convenient access to the American Tobacco Campus, Durham Bulls Athletic Park, and the Durham Performing Arts Center (DPAC). The property is also near the Durham Freeway and approximately 15 minutes from RDU Airport and the Research Triangle Park (RTP). The property's size is 2386 square feet. It is suitable for office, retail, and residential uses, providing exceptional flexibility for various business or living arrangements.
Key Highlights
- Prime downtown Durham location near American Tobacco Campus, Durham Bulls Athletic Park, and DPAC
- Permits office, retail, and residential uses
- Historic charm with modern upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,211
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,220
$644.2K
Cap Rate 7%
$460,157
$460.2K
Cap Rate 9%
$357,900
$357.9K
Market Conditions
NOI Build-Up for 2,386 SF
Gross rent
$57.3K $24.00/SF
− Vacancy
−$5.7K −$2.40/SF
EGI
$51.5K $21.60/SF
− OpEx
−$19.3K −$8.10/SF
NOI
$32.2K $13.50/SF
Area
Durham, NC
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,220
Cap Rate 7%
$460,157
Cap Rate 9%
$357,900
Alternative Uses
Best Use
Mixed Use
$460.2K
$402.6K – $536.9K
NOI $32,211 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$770.5K
$674.2K – $898.9K
NOI $53,933 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 27701, NC
25,208
Population
13,409
Households
1.9
Avg Household Size
34
Median Age
50%
College-Educated
85%
High-School Grad
5.2 sq mi
ZIP Area
4,848
Density / Sq Mi
$66,852
Median Household Income
$47,681
Median Earnings
$1,279
Median Rent
$457,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic building with modern upgrades, suitable for multiple uses.
Where is this mixed-use property located?
The property is located at 114 E Main St Durham, NC.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Prime downtown Durham location near American Tobacco Campus, Durham Bulls Athletic Park, and DPAC; Permits office, retail, and residential uses; Historic charm with modern upgrades
