602 Mangum StDurham, NC 27701

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.