Downtown Hi-Rise Redevelopment
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216 Rigsbee Ave, Durham, NC 27701
Downtown Durham redevelopment site with approved demolition and an 11-story hi-rise redevelopment plan.
Property SizeContact for details
Days on Market124
Property Features for 216 Rigsbee Ave
General Information
Standard status
Active
Property subtype
Mixed Use, Multifamily, Retail, Office
Listing Agency:
Calculus Commercial
Listed By:
Garry Cutright · License #NC293811
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 2:51PM
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 Calculus Commercial
Investment Insights
Based on property information with market context.
This Downtown Durham redevelopment site includes approval from Durham’s Historic Preservation Committee for the demolition of a non-contributing historical building. The same approval includes permission to redevelop the site with an 11-story hi-rise.
The property is positioned near walkable amenities, including restaurants and retail. In addition to the proposed hi-rise redevelopment, the available redevelopment concepts referenced for the site include adaptive reuse for an office or multifamily conversion.
The site is described as ready for execution of existing approved plans, or for a new venture that follows the permitted redevelopment pathways identified in the approval process.
The property is positioned near walkable amenities, including restaurants and retail. In addition to the proposed hi-rise redevelopment, the available redevelopment concepts referenced for the site include adaptive reuse for an office or multifamily conversion.
The site is described as ready for execution of existing approved plans, or for a new venture that follows the permitted redevelopment pathways identified in the approval process.
Key Highlights
- Downtown Durham redevelopment site with Historic Preservation Committee approval for demolition of a non‑contributing historical building
- Approved plan for an 11‑story hi‑rise redevelopment on the site
- Demolition approval enables redevelopment for higher density in the Downtown submarket
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,076
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
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown Durham redevelopment site with approved demolition and an 11-story hi-rise redevelopment plan.
Where is this mixed-use property located?
The property is located at 216 Rigsbee Ave Durham, NC.
What are key features of this property?
This property features: Downtown Durham redevelopment site with Historic Preservation Committee approval for demolition of a non‑contributing historical building; Approved plan for an 11‑story hi‑rise redevelopment on the site; Demolition approval enables redevelopment for higher density in the Downtown submarket
