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    Property profile & analytics
    OFF-MARKET Estimated value $665,000
    Commercial real estate

    112 Main St, Durham, NC 27701-3602

    2,280 SF 0.03 ac lot Built 1920
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-1863307
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 112 W Main St in Durham, NC, presents a unique investment opportunity. The 9,256 square foot building, constructed in 1925, sits on a 0.11-acre lot and is zoned DD-C. Currently featuring three units, the property boasts a high-profile location in the heart of Durham's vibrant downtown core, within the Bullpen Social District. The ground floor is anchored by established and successful businesses: Luna Restaurant on Main Street and Durham Vintage Collective on Parrish Street (Black Wall Street). The second floor is currently vacant, offering significant potential for redevelopment as retail, office, or residential space, ideal for an owner-occupant or investor seeking to maximize returns. Its prime location offers easy walkability to the American Tobacco Campus and Durham Performing Arts Center, surrounded by numerous shops, bars, restaurants, and residential developments. The asking price is $3,200,000. This property offers a blend of established income and significant upside potential in a thriving urban environment. The building is in excellent condition. This "First and Main" location provides frontage on both Main Street and Black Wall Street (Parrish Street), maximizing visibility and accessibility.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1920
    Total area 2,280 SF
    Lot 0.03 ac (1,307 SF)
    Zoning code DD-C
    APN 102845
    UPID US53-1863307
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Morningstar Law Group Law Firm
    • B-Smokestack Vapes (Bike/Boat/Book/etc) Store Alternative Medicine Practice
    • Johnson Allied Health Services Home Health Care Service
    • Golder's Bailbonds Law Firm
    • Luna Rotisserie and Empanadas Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $845k
    CAP Approach CAP
    $475k
    Comparable Approach Comparable
    $484k
    Blend (final) Blend
    $665k
    Owner & transaction history
    Ww Overtime LLC · 3 yrs held
    Ww Overtime LLC
    since 2023
    Last sale
    $677,500
    4 recorded transactions
    2023
    $1.3M
    2021
    $650,000
    2021
    1969
    Zoning & alternative use
    DD-C · Durham, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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