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    115 Queen St Durham, NC 27701

    Sponsored
    For Lease
    $26 SF/Yr ($5,995 /Mo)

    Brand-new, street-level retail space.

    Lot size:
    2,767 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,767 square foot retail space is located at 115 N Queen St in Durham, NC, 27701. Situated within the vibrant 300 East Main development, this single-tenant property boasts a prime location in Downtown Durham. Built in 2024, the space is situated on the ground floor of a six-story multifamily building, offering convenient access and high visibility. The property is partially built-out, allowing for customization to suit a tenant's specific needs and operational requirements. With 757 parking spaces available in a multi-user parking deck, ample parking is ensured for customers and employees. The space is ideally suited for community-focused businesses such as small-format grocery stores, coffee shops, health and beauty services, or civic organizations. Its central location provides easy access to public transportation, major highways (Hwy 147, I-85, and I-40), and proximity to North Carolina Central University, Research Triangle Park, and Duke University. The space is available immediately. This presents a unique opportunity to establish a thriving business in a rapidly growing and dynamic urban environment.

    Property Features for 115 Queen St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,767 SF
    Total Rate
    5995.17

    Building Details

    Year Built
    2024
    Stories
    6

    Unit(s) available at that property

    Space
    Retail Suite
    Size
    2,767 SF
    Rate per SF
    $26

    HighLights

    • 2,767 SF retail space at 115 N Queen St, Durham, NC.
    • Ground floor space in a new (2024) six‑story multifamily building in the 300 East Main development.
    • Excellent signage opportunities.
    • 757 parking spaces in an on‑site parking deck.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -78.8964481
    Latitude
    35.9936978

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    FAQs

    What type of property is this?
    Individual retail property - Brand-new, street-level retail space.
    Where is this individual retail property located?
    The property is located at 115 Queen St Durham, NC.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 2,767 SF retail space at 115 N Queen St, Durham, NC.; Ground floor space in a new (2024) six-story multifamily building in the 300 East Main development.; Excellent signage opportunities.
    Request Owner's contact information
    115 Queen 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
    115 Queen St Durham, NC 27701
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