101 Main St Durham, NC 27701

This exceptional investment opportunity presents three distinct commercial condominiums within the historic Kress Building, totaling approximately 17,123 square feet in downtown Durham, North Carolina. The property boasts a prime location on West Main Street, offering unparalleled walkability to a vibrant array of restaurants, shops, and parking options. Recent building upgrades include a new roof and HVAC system. Unit 1, a lower-level space of 4,574 square feet, comprises two suites: a 1,853-square-foot space leased to High Dive until December 31, 2029, and a vacant 2,721-square-foot suite ideally suited for an owner-occupant, currently configured as a gym/yoga space. This unit is offered at $1,257,850. Unit 2, a 7,306-square-foot mezzanine level space, is fully leased to American Underground (with a sublet to ProcessMaker) until November 30, 2026. This modern space features an open office layout, a cafe-style entry, and small meeting rooms, generating an approximate net operating income (NOI) of $130,000 and an 8.5% cap rate. Unit 3, a 5,153-square-foot street-level space with Main Street frontage, is leased to Stewart Engineering until February 28, 2026. This unit features a mix of open and private offices, recently updated with modern finishes, and also boasts an approximate NOI of $130,000 and an 8.25% cap rate, priced at $1,575,757. The units can be purchased individually or as a portfolio for $4,000,000. Convenient parking is available in nearby garages and lots. The property's proximity to Duke University, Duke University Medical Center, and major transportation arteries adds to its significant investment appeal.