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    201 Alston Ave Durham, NC 27701

    Sponsored
    For Sale
    $4,100,000

    Historic Church, 10,893 SF, $4.1M

    Property size:
    10,893 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,893 square foot special purpose property, located at 201 S Alston Ave in Durham, NC, presents a unique investment opportunity. Built in 1925, this one-building property sits on a 0.44-acre lot (APN 111886) and is zoned IL. The asking price is $4,100,000, translating to $376.39 per square foot. The property features a recently installed roof with a 30-40 year lifespan, ensuring long-term durability. Remarkable stained-glass windows, dating back to 1910 and valued at over $500,000, add to its historical significance and aesthetic appeal. Hardwood floors are found throughout, some currently covered. The building includes HVAC systems and a functional payphone. The main level boasts a sanctuary capable of seating up to 300, a secretary's office, and a conference room. Upstairs, you'll find additional sanctuary space under a dome, a pastor's office, and two balconies with seating for 100. The lower level offers a large kitchen with ample storage, lounges, and recreational areas. This property's rich history and versatile layout make it ideal for various uses, and its potential for historic designation adds significant value. The property is being sold AS IS.

    Property Features for 201 Alston Ave

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    10,893 SF
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1925
    Buildings
    1

    HighLights

    • Classic architectural details.
    • Flexible floor plan adaptable to various uses.
    • Updated systems and finishes.
    • Potential for historic tax credits.
    • Suitable for hosting large gatherings.
    • Strong potential for ROI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Greater Bethlehem Temple ... Apostolic Church Asbury Temple United ... Food Bank

    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
    -78.8884122
    Latitude
    35.9857383

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    FAQs

    What type of property is this?
    Church & religious facility - Historic Church, 10,893 SF, $4.1M
    Where is this church & religious facility located?
    The property is located at 201 Alston Ave Durham, NC.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: Classic architectural details.; Flexible floor plan adaptable to various uses.; Updated systems and finishes.
    Request Owner's contact information
    201 Alston Ave 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
    201 Alston Ave Durham, NC 27701
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