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    321 Corporation St Durham, NC 27701

    Sponsored
    For Lease
    $35 SF/Yr

    Prime retail, multiple suites available

    Lot size:
    114,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is located in the vibrant Central Park District of Downtown Durham, North Carolina. Situated on the ground floor of a seven-story, 171-unit luxury multifamily building, this property offers unparalleled visibility and access to a dense population of residents and visitors. The building, constructed in 2020, boasts a total of 114,840 square feet, with three available retail suites ranging from a minimum of 418 square feet to a maximum contiguous space of 1,313 square feet. Currently, 2,731 square feet are vacant, presenting a unique chance for businesses seeking flexible space options. The property's address is 321 W Corporation St, Durham, NC 27701, within Durham County. This location provides easy access to major thoroughfares and ample parking, ensuring high foot traffic and convenient access for customers. The modern design and prime location make this an ideal space for a variety of retail businesses seeking a thriving and established market. The building's multifamily component guarantees a built-in customer base, enhancing the potential for success. This is a rare opportunity to establish a presence in one of Durham's most sought-after locations. Contact us today to learn more about leasing options and explore the possibilities.

    Property Features for 321 Corporation St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    114,840 SF
    Total Rate
    334950

    Building Details

    Year Built
    2020
    Stories
    7

    Unit(s) available at that property

    Space
    Suite B
    Size
    1,000 SF
    Rate per SF
    $35
    Space
    Suite A
    Size
    1,313 SF
    Rate per SF
    $35
    Space
    Suite D
    Size
    418 SF
    Rate per SF
    $35

    HighLights

    • Centrally located in Durham's Central Park District.
    • Across the street from Central Park and the Farmers' Market.
    • Anchored by Dssolvr Brewing and Nautical Bowls.
    • Surrounded by over 2,000 new apartment units within two blocks.
    • Excellent signage and branding opportunities.
    • Attractive tenant improvement allowance available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Atlas Durham Apartment Rental Agency Atlas Apartments Apartment Complex

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8991948
    Latitude
    36.001585

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    FAQs

    What type of property is this?
    Retail property - Prime retail, multiple suites available
    Where is this retail property located?
    The property is located at 321 Corporation St Durham, NC.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Centrally located in Durham's Central Park District.; Across the street from Central Park and the Farmers' Market.; Anchored by Dssolvr Brewing and Nautical Bowls.
    Request Owner's contact information
    321 Corporation 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
    321 Corporation St Durham, NC 27701
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