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602 Mangum St Durham, NC 27701

Sponsored
For Sale
$4,600,000

Prime 1.04-acre infill site.

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 1.04-acre commercial land parcel presents a unique infill opportunity in Durham's vibrant Old Five Points neighborhood. Located at 602 N Mangum St, Durham, NC 27701, this property boasts three parcels with frontage on both North Mangum Street and Cleveland Street. The site is ideally situated within walking distance of key attractions including the Durham Bulls Athletic Park, American Tobacco Campus, Durham Performing Arts Center, the Carolina Theatre, and Durham Central Park. Currently featuring a 6,528 square foot building with on-site parking, constructed in 1970 and with a roof replaced within the last decade, the property offers immediate income potential. The existing building is fully conditioned. The land is zoned DD-S2, permitting a variety of uses including multifamily, condominium, townhome, office, medical office, retail, and restaurant developments, with building heights up to 35 feet, or 50 feet with a special use permit. RS-M zoning also permits multifamily construction. North Mangum Street, a two-lane, one-way southbound road, provides convenient access to the Durham Freeway (NC 147). The surrounding area is experiencing significant growth, with several new mid-rise apartment, townhome, and condo developments underway. This presents a compelling investment opportunity in a thriving, high-demand location. The asking price is $4,600,000.

Property Features for 602 Mangum St

General Information

Property type
Land
Lot Size
45,302 SF

HighLights

  • 1.04‑acre site with frontage on North Mangum and Cleveland Streets, comprised of three parcels.
  • Excellent walkability to Durham Bulls Athletic Park, American Tobacco Campus, DPAC, Carolina Theatre, and Durham Central Park.
  • 6,528 SF building with on‑site parking; fully conditioned; 1970 construction with roof replaced within the last 10 years; current zoning allows commercial, retail, and parking.
  • North Mangum Street is a two‑lane, one‑way southbound road connecting to NC 147 (Durham Freeway).
  • Surrounding area features numerous new multifamily developments.
  • DD‑S2 zoning permits multifamily, condo, townhome, office, medical office, retail, and restaurant uses, with building heights up to 35' (or 50' with SUP); RS‑M zoning permits multifamily.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

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
-78.89669113
Latitude
35.99972945

FAQs

What type of property is this?
Land - Prime 1.04-acre infill site.
Where is this land located?
The property is located at 602 Mangum St Durham, NC.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: 1.04-acre site with frontage on North Mangum and Cleveland Streets, comprised of three parcels.; Excellent walkability to Durham Bulls Athletic Park, American Tobacco Campus, DPAC, Carolina Theatre, and Durham Central Park.; 6,528 SF building with on-site parking; fully conditioned; 1970 construction with roof replaced within the last 10 years; current zoning allows commercial, retail, and parking.
More about this property
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