216 Rigsbee Ave Durham, NC 27701

Listing agency Calculus Commercial

Listed by Garry Cutright · License #NC293811

Source Crexi

Added: Apr 11 Updated: Jul 21 at 2:51PM Checked: Jul 21 at 2:51PM

Report an Issue

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.

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

Location Intelligence

Similar For Sale Nearby

• 

  $1,385,000

  4,940 SF

  Industrial Flex Property with Fenced Yard

  Three-building industrial flex site includes multiple garage bays, a converted office, and a fully fenced yard for outdoor operations.

  1015 Ellis Road, Durham, NC 27703

  View Details
• 

  $5,000,000

  8,000 SF

  Retail Building with Basement Access

  Former public hardware retail building with fenced lot, parking, and a basement accessible by walk-in and roll-up doors.

  501 N Mangum Street, Durham, NC 27701

  View Details
• 

  $2,650,745

  6,534 SF

  Automotive Retail Facility

  Leased 6,534 SF automotive-oriented facility on 1.75 acres with corridor visibility along S Miami Boulevard.

  5412 S Miami Blvd, Durham, NC 27703

  View Details
• 

  $1,171,000

  4,574 SF

  Corner Retail Condominium

  For sale retail condo with updated roof and HVAC and a prominent corner location for walk-in oriented concepts.

  101 & 103 West Main Street, Durham, NC 27701

  View Details
• 

  $1,700,000

  4,474 SF

  Turnkey Car Wash Facility

  Established, fully operational car wash configured for immediate operation and income production.

  1723 S. Miami Boulevard, Durham, NC 27703

  View Details
• 

  $1,895,000

  5,366 SF

  Historic Corner Retail Storefront

  Early 1900s storefront with corner exposure and a walk-out basement for potential additional usable space.

  301 E. Chapel Hill St., Durham, NC 27701

  View Details
• 

  $5,000,000

  8,000 SF

  Retail Building with Fenced Parking

  Small retail building with fenced parking and basement space accessible by walk-in and roll-up doors.

  501 N Mangum, Durham, NC 27701

  View Details
• 

  $1,000,000

  4,000 SF

  Established Durham Mechanical Shop For Sale

  Income-producing mechanical shop with five service bays and ample parking.

  2410 Angier Avenue, Durham, NC 27703

  View Details
• 

  $2,200,000

  12,500 SF

  Industrial Warehouse with Yard

  Fully fenced property with lay down yard and I-2 zoning for industrial storage and distribution use near downtown.

  806 E Ramseur Street, Durham, NC 27701

  View Details
• 

  $830,000

  2,386 SF

  Downtown Durham Retail Opportunity

  2,386 SF retail property in prime downtown location.

  112 E MAIN ST, DURHAM, NC

  View Details
• 

  $496,000

  1,922 SF

  Craftsman Live-Work Bungalow

  1930s bungalow with office-institutional live-work potential, fireplace parlor, separate dining, and an unfinished walk-out basement.

  1814 Chapel Hill Road, Durham, NC 27707

  View Details
• 

  $1,500,000

  6,831 SF

  Industrial Flex with Laydown Yard

  Leased industrial flex with heated warehouse, office, and concrete laydown yard on about 1.4 acres.

  1101 E Cornwallis, Durham, NC 27713

  View Details

FAQs

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