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    211 Rigsbee Ave Durham, NC 27701

    For Sale
    $3,950,000

    9,790 SF Office/Retail, NNN Lease

    Property size:
    9,790 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional four-story, 9,790 square foot commercial building at 211 Rigsbee Avenue in Durham, NC, is available for immediate sale at $3,950,000 ($403.47/SF). Built in 1938 and extensively renovated in 2018, this Class B property boasts a unique design ideal for diverse uses, including creative office space, restaurants, or a boutique fitness center. The building features two front entrances, allowing for multi-tenant occupancy with independent access. Significant capital improvements include a complete interior and exterior renovation, the addition of a third story with a distinctive butterfly roof, and two expansive rooftop terraces. Other upgrades encompass energy-efficient lighting, a new roof, updated HVAC systems, and renovated restrooms on all floors. The 0.08-acre lot is zoned DD-C, offering excellent visibility and signage opportunities. The property's prime downtown Durham location ensures high traffic and visibility, making it an attractive investment opportunity. The basement is well-suited for a speakeasy or other unique concept, while the main level provides high street visibility. The upper floors offer versatile space for offices, fitness studios, or event spaces. The building is currently available for immediate lease or sale, presenting a rare opportunity in Durham's thriving downtown area. The lease type is NNN, and the previous lease expired September 30, 2024.

    Property Features for 211 Rigsbee Ave

    General Information

    Property type
    Restaurants
    Square Feet
    9,790 SF
    Class
    B
    Lot Size
    3,485 SF

    Building Details

    Year Built/Renovated
    1938/2018
    Buildings
    1
    Stories
    4

    HighLights

    • Extensive interior and exterior renovations, including a third‑story addition with modern architectural details.
    • Third‑story addition features a unique butterfly roof design.
    • Two outdoor terraces located on the third floor.
    • Exterior features artistic banners and custom color scheme.
    • Energy‑efficient lighting installed throughout.
    • New roof, HVAC system, and renovated restrooms on all floors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Krause Firm Trial Attorney Tattrie Medical Group Medical Group Formlabs NC Design Engineer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.899945804337
    Latitude
    35.997711892939

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    FAQs

    What type of property is this?
    Restaurant - 9,790 SF Office/Retail, NNN Lease
    Where is this restaurant located?
    The property is located at 211 Rigsbee Ave Durham, NC.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: Extensive interior and exterior renovations, including a third-story addition with modern architectural details.; Third-story addition features a unique butterfly roof design.; Two outdoor terraces located on the third floor.
    Request Owner's contact information
    211 Rigsbee Ave 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
    211 Rigsbee Ave Durham, NC 27701
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