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    112 Main St Durham, NC 27701

    For Sale
    $3,200,000

    Prime location, 9,256 sq ft, 3 units, high rental income potential.

    Property size:
    9,256 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    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 Features for 112 Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    9,256 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1925
    Units
    3

    HighLights

    • Prime "First and Main" location with frontage on Main & Parrish Streets.
    • Excellent condition.
    • Mixed‑use building offering owner‑occupancy potential and existing income.
    • Highly desirable Durham location near American Tobacco Campus & DPAC, surrounded by retail, restaurants, and residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Morningstar Law Group Law Firm B-Smokestack Vapes Vaporizer Store Johnson Allied Health ... Home Health Care Service Golder's Bailbonds Bail Bonds Service Luna Rotisserie and Empanadas South American Restaurant

    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
    -78.9009837
    Latitude
    35.9953339

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, 9,256 sq ft, 3 units, high rental income potential.
    Where is this mixed-use property located?
    The property is located at 112 Main St Durham, NC.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Prime "First and Main" location with frontage on Main & Parrish Streets.; Excellent condition.; Mixed-use building offering owner-occupancy potential and existing income.
    (919) 682-0501
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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
    112 Main St Durham, NC 27701
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