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    601 Fayetteville St Durham, NC 27701

    Sponsored
    For Sale
    $8,000,000

    Prime Durham location, 9,000 sq ft, vacant.

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,000-square-foot commercial property, located at 601 Fayetteville Street in Durham, North Carolina, presents a unique investment opportunity. The Class B office building, constructed in 1979 and renovated in 2015 and 2017, sits on a 1.8-acre lot and features three individual condo-style office suites. Suite 300 boasts a reception area, seven offices, three conference rooms, and a break room, while Suite 200 includes a reception area, six offices, one conference room, and a break room. The property is conveniently located in Durham's Historic Hayti District, just off Highway 147, providing easy access to major thoroughfares, including proximity to the Durham Performing Arts Center and Durham Bulls Athletic Park. The building is currently vacant, offering a blank canvas for a new owner to customize and lease to tenants. The asking price for this one-story building is $8,000,000. This prime location and flexible layout make it ideal for a variety of uses, including executive and medical offices. The property's strategic position at the gateway to downtown Durham ensures high visibility and accessibility. This is a rare chance to acquire a substantial commercial property in a thriving and rapidly developing area.

    Property Features for 601 Fayetteville St

    General Information

    Property type
    Medical offices
    Square Feet
    9,000 SF
    Class
    B
    Lot Size
    78,408 SF

    Building Details

    Year Built
    1979
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Trophy Smiles of Durham Dental Clinic Perry, Perry & Perry, ... Personal Injury Attorney Farrar Amy Taborn ... Dentist Legacy Studios - NC Photography Studio Dr. Arthur Reynolds Dentist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.89796206
    Latitude
    35.98601546

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    FAQs

    What type of property is this?
    Medical office - Prime Durham location, 9,000 sq ft, vacant.
    Where is this medical office located?
    The property is located at 601 Fayetteville St Durham, NC.
    What is the asking price?
    The asking price for this property is $8,000,000.
    Request Owner's contact information
    601 Fayetteville St Durham, NC 27701
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    Durham, NC 27701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 Fayetteville St Durham, NC 27701
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