Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    501 Washington St Durham, NC 27701

    Sponsored
    For Lease
    $40 SF/Yr

    Prime Durham retail, restaurant space. Six suites available.

    Lot size:
    310,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Shops at Wye Apartments offers exceptional retail and restaurant opportunities in the vibrant city of Durham, North Carolina. This two-building complex, completed in Q3 2024, boasts a total of 310,000 square feet, with six available commercial suites ranging from 1,745 to 4,325 contiguous square feet. Currently, 16,961 square feet of retail space is vacant and ready for immediate occupancy. Located at 501 Washington St, Durham, NC 27701, this ground-floor retail space is ideally situated within a six-story, multifamily development, providing high foot traffic and visibility. The complex features 383 parking spaces for convenient customer access. The building's modern design and prime location make it perfect for a variety of businesses, including cocktail bars, pubs, boutique fitness studios, restaurants, and urban markets. This is a unique opportunity to establish a presence in a thriving Durham community within a newly constructed building. The property is situated in Durham County and offers a total of six suites across two buildings, each six stories high. The minimum divisible space is 1,745 square feet, while the maximum contiguous space available is 4,325 square feet.

    Property Features for 501 Washington St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    310,000 SF
    Total Rate
    1033333.33

    Building Details

    Year Built
    2024
    Buildings
    2
    Stories
    6

    Unit(s) available at that property

    Space
    501 Washington Street, Unit B-1
    Size
    2,782 SF
    Rate per SF
    $40
    Space
    501 Washington Street, Unit C-1
    Size
    2,008 SF
    Rate per SF
    $40
    Space
    501 Washington Street, Unit C-2
    Size
    2,990 SF
    Rate per SF
    $40
    Space
    501 Washington Street, Unit C-3
    Size
    4,325 SF
    Rate per SF
    $40
    Space
    501 Washington Street, Unit A-2
    Size
    3,111 SF
    Rate per SF
    $40
    Space
    501 Washington Street, Unit A-1
    Size
    1,745 SF
    Rate per SF
    $40

    HighLights

    • Located in the heart of Downtown Durham.
    • Across the street from the Historic Durham Athletic Park.
    • Prominently situated along the Durham Belt Line Trail.
    • Excellent signage and branding opportunities.
    • Features outdoor dining terraces and gathering spaces.
    • Abundant parking with 383 spaces available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Plum Southern Kitchen ... Restaurant Integral Resources Non-Profit Organization Re/Max: Steiner Jerry Real Estate Agent Zapolski Real Estate ... Real Estate Agency Atomic Clock Brewing ... Brewery

    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
    -78.904117
    Latitude
    36.0028243

    Nearby Similar for Lease

    • $29,460
      22,649 SF

      Prime Durham Office Space Available

      12,000 SF office space for lease in Durham, NC.
      5310 S Alston Ave, Durham, NC 27713
      View Details
    • $45,045
      2,145 SF

      Durham Office Space For Lease

      Flexible office unit with ample parking and recent upgrades.
      1906 A, Durham, NC 27713
      View Details
    • $36,000
      1,760 SF

      Office Suite with Private Offices

      Office suite featuring multiple private office spaces for rent.
      5315 Highgate Dr, Durham, NC 27713
      View Details
    • $18 SF/Yr
      Pending

      Prime Medical Office Space Available

      Versatile medical/office space in Durham's thriving North Duke corridor.
      2609 N Duke St Unit Bldg 300, Durham, NC 27704
      View Details
    • $3,500 /Mo
      2,000 SF

      Office Condo in Durham's Office Park

      Office condominium with private entrance in a convenient location.
      6 Consultant Pl, Durham, NC 27707
      View Details
    • $1,995 /Mo
      1,000 SF

      Office Space Near Universities

      Office space in Durham, close to amenities and universities.
      1804 Martin Luther King Junior Pkwy, Durham, NC 27707
      View Details
    • $3,232 /Mo
      1,168 SF

      Retail Space Near RTP

      Retail space in a vibrant neighborhood center near RTP.
      5125 Nc-55, Durham, NC 27713
      View Details
    • $2,250 /Mo
      1,890 SF

      Sprawling Townhome in Stellar Durham

      Light-filled townhome with high-end finishes, chef's kitchen, and private backyard.
      118 Brookview St, Durham, NC 27713
      View Details
    • $2,250 /Mo
      1,890 SF

      Sprawling Townhome in Stellar Durham

      Light-filled townhome with high-end finishes, chef's kitchen, and private backyard.
      118 Brookview St, Durham, NC 27713
      View Details
    • $1,950 /Mo

      Charming Townhome in Woodcroft

      3BR/2.5BA end-unit townhome in Durham's desirable Woodcroft neighborhood.
      7 Preakness Dr, Durham, NC 27713
      View Details
    • $23 SF/Yr
      4,769 SF

      Durham Medical/Office Building for Lease

      Freestanding 4,769 SF building suitable for medical or office use.
      110 E Carver St, Durham, NC 27704
      View Details
    • $26 SF/Yr
      35,378 SF

      Downtown Durham Historic Buildings

      Historic buildings in downtown Durham with retail and office spaces.
      102 City Hall Plz, Durham, NC 27701
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Durham retail, restaurant space. Six suites available.
    Where is this restaurant located?
    The property is located at 501 Washington St Durham, NC.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: Located in the heart of Downtown Durham.; Across the street from the Historic Durham Athletic Park.; Prominently situated along the Durham Belt Line Trail.
    Request Owner's contact information
    501 Washington St Durham, NC 27701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 Washington St
    Durham, NC 27701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    501 Washington St Durham, NC 27701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.