1314 Broad St Durham, NC 27705-3533
- Commercial real estate
- 1,668 SF
- 0.17 lot acres
Jun 02, 2025
Current Use by Public Records
- Broad Street Entrepreneur / Business Management Consultant
- Entrepreneurial Assistance / Accountant
Property Details for 1314 Broad St
- Year built
- 1930
- Lot size
- 0.17 lot acres
- Property size
- 1,668 SF
- Zone code
- OI
- Property type
- Commercial real estate
- APN
- 100785
- APU
- 100785
Description
This exceptional 1,656 square foot retail property, located at 1314 Broad Street in Durham, North Carolina, presents a fantastic opportunity for owner-occupancy or investment. Priced at $450,000 ($272 per square foot), this building boasts a highly desirable location just off the intersection of Broad Street Road and Sprunt Avenue, a short distance from downtown Durham. Its convenient proximity to I-85, Trinity Park, and Duke Forest offers excellent accessibility. The property also benefits from its position across the street from the North Carolina School of Science and Mathematics and its close proximity to Duke University's East Campus, ensuring high visibility and foot traffic. The building itself features seven surface parking spaces, a significant advantage in a bustling urban area. Additional storage space is available at the rear of the building. Inside, the layout includes six offices, a kitchenette, two bathrooms, and a small work/copy room, providing ample space for a variety of business uses. Previously owner-occupied, this property is ideal for a small business owner seeking a well-located space, a company establishing a satellite office, or an investor looking for a strong return. The property's features and location combine to create a compelling investment opportunity in a thriving Durham neighborhood. The zip code is 27705.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $360,000
- ML approach
- $375,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $375,000
- 6.5%
- $345,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $457,000
- AI Estimate
- $305,000
Market price range: $323k - $519kMarket price range: $132k - $383k
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Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.9186
- Latitude
- 36.0202
- CBSA code
- 20500
- CBSA name
- DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA