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Retail Center with On-Site Parking

701 Washington St, Durham, NC 27701

For Lease
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Retail suites sit alongside 310 on-site apartments in Durham’s Warehouse District.

Space Size2,782 SF - 4,325 SF
Days on Market32

Property Features for 701 Washington St

General Information

Standard status Active
Size 2,782 SF - 4,325 SF
Net Rentable 2,990 SF
Total Parking Spaces 115
Property subtype Retail

Space & Availability

Available Space 2,990-4,325 SF
Space Use Retail

Site & Location

Neighborhood Central Park

Building Details

Tenancy Multi

Spaces For Lease

at 701 Washington St Contact us

#A-1 Active

Size 3,111 SF
Contact us

#B-1 Active

Size 2,782 SF
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#C-4 Active

Size 4,325 SF
Contact us

#C-5 Active

Size 2,990 SF
Contact us

A-2 Active

Size 3,111 SF
Contact us

B-1 Active

Size 2,782 SF
Contact us

C-4 Active

Size 4,325 SF
Contact us

C-5 Active

Size 2,990 SF
Contact us
Listing Agency: Foundry Commercial Raleigh
Listed By: Ross Diachenko · License #NC#280443
Source: Crexi
Added: Oct 9 Changed: Nov 8 Last Checked: Nov 8 at 4:33PM

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 Foundry Commercial Raleigh

Rey
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Investment Insights

Based on property information with market context.

This downtown retail center at 701 Washington St offers spaces ranging from approximately 2,990 to 4,325 SF. The property includes surface parking and parking in a deck, with 310 apartments on site.

The center is in Durham’s Warehouse District and near the Durham Rail Trail. Parking includes 50 surface spaces and 65 spaces in the deck.

Key Highlights

  • Retail spaces range from approximately 2,990 to 4,325 SF
  • 310 apartments on site
  • 50 surface parking spaces and 65 spaces in the deck

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Dental Office Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,243
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Properties on Market for Shopping centers in Durham

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Similar Off Market Nearby

  • Brightleaf Square — 905 W Main St, Durham, NC 27701
  • Brightleaf District — 905 W Main St, Durham, NC 27701

Frequently Asked Questions

What type of property is this?
Shopping center - Retail suites sit alongside 310 on-site apartments in Durham’s Warehouse District.
Where is this shopping center located?
The property is located at 701 Washington St Durham, NC.
What are key features of this property?
This property features: Retail spaces range from approximately 2,990 to 4,325 SF; 310 apartments on site; 50 surface parking spaces and 65 spaces in the deck
(336) 337-3162 Call to check price and availability
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