Loft-Style Retail
For Lease
Contact for pricing
501 Washington St, Durham, NC 27701
A 2020 upfit combines historic character with exposed architectural finishes.
Space SizeContact for details
Property Size310,000 SF
Days on Market114
Property Features for 501 Washington St
General Information
Standard status
Active
Size
310,000 SF
Property subtype
Retail
Additional Details
Space Use
Retail
Amenities
loft aesthetics
soaring volume
exposed roof trusses
exposed brick walls
hardwood floors
ample on-site parking
Building Details
Building Size
310,000 SF
Year Built
2024
Year Renovated
2020
Listing Agency:
Maverick Partners
Listed By:
Bruce Alexander · License #NC #253943
(919) 475-9907
Source:
Maverickpartners
Added: Jun 25
Changed: Oct 15
Last Checked: Oct 14 at 8:32PM
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 Maverick Partners
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Investment Insights
Based on property information with market context.
This retail space occupies the historic City Garage component of the Wye Junction development. Originally dating to circa 1924, the unit received a 2020 upfit and retains distinctive architectural elements suited to a character-rich commercial setting. Interior features include exposed roof trusses, exposed brick walls, hardwood flooring, and soaring volume.
The property is at 501 Washington St. in Durham’s Warehouse District, within Downtown Durham. On-site parking is available, and the space is part of a development with multiple retail occupants. Its combination of updated condition and preserved industrial details provides a recognizable setting for retail use.
The property is at 501 Washington St. in Durham’s Warehouse District, within Downtown Durham. On-site parking is available, and the space is part of a development with multiple retail occupants. Its combination of updated condition and preserved industrial details provides a recognizable setting for retail use.
Key Highlights
- 2020 upfit in excellent condition
- Historic City Garage component dating to circa 1924
- Exposed roof trusses, brick walls, and hardwood floors
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,243
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Hotels & Casinos 18%
Dining 12%
Beauty & Spa 7%
Shell
Shops & Services
8,858 visits/mo
0.4 miles
Residence Inn by Marriott Durham McPherson/Duke University Medical Center Area
Hotels & Casinos
3,934 visits/mo
0.5 miles
Food Mart
Shops & Services
2,869 visits/mo
0.2 miles
Jeni's Splendid Ice Creams
Dining
2,524 visits/mo
0.4 miles
Rock Paper Scissors
Beauty & Spa
1,491 visits/mo
0.5 miles
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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Market
Lease Benchmarks for Durham, NC
$25.4 /SF/Yr
Avg Asking Price
$23.11–$27.5 /SF/Yr
Price Range
12,342 SF
Avg Space Size
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A 2020 upfit combines historic character with exposed architectural finishes.
Where is this retail space located?
The property is located at 501 Washington St Durham, NC.
What are key features of this property?
This property features: 2020 upfit in excellent condition; Historic City Garage component dating to circa 1924; Exposed roof trusses, brick walls, and hardwood floors
