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    1001 Broad St Durham, NC 27705

    For Sale
    $1,350,000

    0.464-acre assemblage in Old West Durham with redevelopment potential.

    Lot size:
    0.46 Acres

    Property Features for 1001 Broad St

    General Information

    Lot size
    0.46 Acres

    Source: Carey Greene Agent Carey Greene

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Durham Land Assemblage For Sale

    This 0.464-acre assemblage, located at the corner of Broad and Knox Streets in Durham, comprises three parcels presenting multiple redevelopment opportunities. Buyers can reposition existing structures, construct new buildings on each lot, or pursue a full-scale redevelopment to maximize density. Conceptual test-fits have been conducted for mixed-use office-residential developments and townhouse projects. Zoned OI, the site allows for office and residential uses. The property is situated in Old West Durham, offering walkability to amenities such as Harris Teeter, Whole Foods, restaurants along Broad and Ninth Streets, and Duke University’s East Campus. Currently, the property includes one leased commercial building, a residential duplex, and one vacant commercial building. The location is one mile from the Durham Freeway (NC-147), I-85, and Duke University/Hospital, and two miles from downtown Durham.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bull City Sound ... Electronics Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9197259
    Latitude
    36.0137091

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    FAQs

    What type of property is this?
    Commercial land - 0.464-acre assemblage in Old West Durham with redevelopment potential.
    Where is this commercial land located?
    The property is located at 1001 Broad St Durham, NC.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity on a ±10.464-acre assemblage in highly desirable Old West Durham.; - Flexible OI zoning permits office and residential uses.; - Conceptual test-fit available for mixed-use office-residential development and townhouse project.
    (919) 949-5672
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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
    1001 Broad St Durham, NC 27705
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