101 Main St Durham, NC 27701
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Three modern office condos, prime location.
Property size:
17,123 SFProperty Features for 101 Main St
General Information
- Property type
- Office properties & Spaces
- Square Feet
- 17,123 SF
- Class
- B
Building Details
- Units
- 3
Listing Agent: Brian Farmer
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Masonic Lodge
Volunteer Organization
Richard D. Allen, ...
Law Firm
Nc Grand Chapter ...
Volunteer Organization
Prince Hall Grand ...
Volunteer Organization
Dr. Thomas L. ...
Physician
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.9010196
- Latitude
- 35.9948848
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FAQs
What type of property is this?
Office property - Three modern office condos, prime location.
Where is this office property located?
The property is located at 101 Main St Durham, NC.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Lower level: Two suites totaling 4,574 square feet. 1,853 square feet leased to High Dive until 12/31/29. 2,721 square feet vacant, suitable for owner-occupancy, currently built out as a gym/yoga space. Asking price: $1,257,850.; Mezzanine level: 7,306 square feet, fully leased to American Underground (sublet to ProcessMaker) until 11/30/26. Modern open office layout with café and small meeting rooms. Approximate NOI: $130,000; 8.5% cap rate.; Street level: 5,153 square feet with Main Street frontage, leased to Stewart Engineering until 2/28/26. Modern open and private offices. Approximate NOI: $130,000; 8.25% cap rate. Asking price: $1,575,757.
