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    500 Main St Durham, NC 27701

    For Lease
    $26 SF/Yr

    Prime Durham retail space, 2 suites available.

    Lot size:
    248,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The Shops at Maizon offers exceptional retail opportunities within a vibrant downtown Durham location. This ground-floor commercial space, part of a new six-story luxury apartment building (248 units) developed by Zom Living, is slated for completion in Q3 2024. Two suites are available, ranging from 2,527 to 4,246 contiguous square feet, with a total of 6,773 square feet currently vacant within the 248,000 square foot building. The property boasts a highly desirable location along East Main Street, offering excellent visibility and signage opportunities. Its proximity to Duke University and the Research Triangle Park ensures a strong customer base within a rapidly growing area. The Shops at Maizon provides ample structured parking (932 spaces) for customers and features an attractive outdoor dining terrace with ample seating, ideal for food and beverage establishments. The space is well-suited for a variety of businesses, including food and beverage, health and beauty, fitness services, and soft retail goods. Attractive tenant improvement allowances are available. This is a unique chance to establish a presence in a thriving, upscale environment.

    Property Features for 500 Main St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    248,000 SF
    Total Rate
    537333.33

    Unit(s) available at that property

    Space
    Suite-A
    Size
    2,527 SF
    Rate per SF
    $26
    Space
    Suite-B
    Size
    4,246 SF
    Rate per SF
    $26

    HighLights

    • Retail property totaling 248,000 square feet.
    • Two available spaces ranging from 2,527 to 4,246 square feet.
    • Located in Downtown Durham, on East Main Street, near Duke University.
    • Benefits from Research Triangle Park's growth and offers excellent signage opportunities.
    • Features an outdoor dining terrace and 932 structured parking spaces.
    • Tenant improvement allowances available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Museum of Durham History Local History Museum ChargePoint Charging Station Electric Vehicle Charging Station

    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
    -78.895464
    Latitude
    35.991272

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    FAQs

    What type of property is this?
    Individual retail property - Prime Durham retail space, 2 suites available.
    Where is this individual retail property located?
    The property is located at 500 Main 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: Retail property totaling 248,000 square feet.; Two available spaces ranging from 2,527 to 4,246 square feet.; Located in Downtown Durham, on East Main Street, near Duke University.
    Request Owner's contact information
    500 Main St 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
    500 Main St Durham, NC 27701
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