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    FOR LEASE
    Specialty properties

    101 W Main St, Durham, NC 27701

    19,054 SF 0.2 ac lot Built 1970
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US53-1219928
    Property summary
    AI-generated overview

    This exceptional executive office suite, located at 101 W Main St in Durham, NC, presents a unique opportunity for a discerning business. The entire 2,721 square foot building is currently available for lease. Built in 1932 and extensively renovated in 2006, this property boasts a blend of historic charm and modern functionality. Situated in the heart of Durham's downtown core (DD-C zoning), this location offers unparalleled access to amenities, transportation, and a vibrant business community. The single suite layout provides flexibility and privacy, ideal for a company seeking a prominent presence in the city. The property's prime location within Durham County, zip code 27701, ensures high visibility and easy accessibility for clients and employees. With its substantial square footage and recent renovations, this space is ready for immediate occupancy. This is a rare opportunity to secure a prestigious and well-maintained executive office suite in a highly desirable downtown location. The property's historical character combined with its modern updates creates a unique and sophisticated work environment.

    Property profile
    Verified
    Property type Specialty properties
    Use group PROFESSIONAL CLUBS/ASSOCIATIONS
    Year built 1970
    Total area 19,054 SF
    Lot 0.2 ac (8,712 SF)
    Zoning code DD-C
    APN 102822
    UPID US53-1219928
    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
    • Masonic Lodge Volunteer Organization Community Center
    • Richard D. Allen, Attorney at Law Law Firm
    • Nc Grand Chapter Eastern Star Volunteer Organization Community Center
    • Prince Hall Grand Lodge Masons Volunteer Organization Community Center
    • Dr. Thomas L. O'Connell, MD Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.97M
    Owner & transaction history
    Kress Commercial Partners LLC · 5 yrs held
    Kress Commercial Partners LLC
    since 2021
    3 recorded transactions
    2021
    $4.2M
    2016
    2016
    $2.0M
    Zoning & alternative use
    DD-C · Durham, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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