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Multi-Purpose Building on 2.24 Acres

315 Southerland St, Durham, NC 27703

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For Sale

$799,900

Well-maintained multi-purpose building on 2.24 acres with lease in place.

Lot size:

1.27 Acres

HighLights

Lease in place providing immediate income and investment opportunity.
Potential for expansion with engineer drawings showing possibilities for 6‑7 more units.
Large 2.24 acre lot with option to purchase 1 acre separately.
Ample paved parking lot.
Well‑maintained brick multi‑purpose building.
Great curb appeal.

We can help!

Listing Contact

Michelle Edwards Mitchell

For Sale

$799,900

Well-maintained multi-purpose building on 2.24 acres with lease in place.

Lot size:

1.27 Acres

Added:: Feb 13, 2025
Days on Market:: 495
Last Refresh:: Jan 20 at 9:21 am

Property Features for 315 Southerland St

General Information

Standard status: Active
Lot size: 1.27 Acres

We can help!

Listing Contact

Michelle Edwards Mitchell

Listing agent Michelle Edwards Mitchell License #121569

Listing office Keller Williams Elite Realty

Listing date Feb 13, 2025

Source Exprealty

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 Keller Williams Elite Realty

HighLights

Lease in place providing immediate income and investment opportunity.
Potential for expansion with engineer drawings showing possibilities for 6‑7 more units.
Large 2.24 acre lot with option to purchase 1 acre separately.
Ample paved parking lot.
Well‑maintained brick multi‑purpose building.
Great curb appeal.

Overview

This is a multi-purpose brick building situated on 2.24 acres. The property features a paved parking lot. One acre of the property is being sold separately but can be purchased together with the rest. Engineer drawings are available, showing possibilities for the addition of 6 to 7 more units and additional parking. A lease is already in place for the property.

Property Profile Location Intelligence

Current Use by Public Records

Bioclean Restoration - Durham Hardware & Home Improvement

Suggested Use

Location Insight

Map
Local Demand

City: Durham
County: Durham
State: North Carolina
Longitude: -78.8607
Latitude: 35.9969

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For sale
Mixed-use properties
NC
Durham
27703
315 Southerland St

What type of property is this?

Mixed-use property - Well-maintained multi-purpose building on 2.24 acres with lease in place.

Where is this mixed-use property located?

The property is located at 315 Southerland St Durham, NC.

What is the asking price?

The asking price for this property is $799,900.

What are key features of this property?

This property features: Lease in place providing immediate income and investment opportunity.; Potential for expansion with engineer drawings showing possibilities for 6‑7 more units.; Large 2.24 acre lot with option to purchase 1 acre separately.

315 Southerland St, Durham, NC 27703

Well-maintained multi-purpose building on 2.24 acres with lease in place.

Property Features for 315 Southerland St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail Building with Basement Access

Durham Commercial Land Opportunity

Established Durham Mechanical Shop For Sale

Live-Work Craftsman Office Bungalow

Durham Duplexes: Investment Opportunity

Four Duplexes in Walltown

Two-Story Side-by-Side Duplex

Modern Farmhouse Duplex Investment Opportunity

Barrington-Wilkerson Duplex with Two Units

Duet-Style Townhome Community

Duplex with Two 2BR Units

Townhome-Style Duplex with Corner Lot

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