115 Queen St Durham, NC 27701
This exceptional 2,767 square foot retail space is located at 115 N Queen St in Durham, NC, 27701. Situated within the vibrant 300 East Main development, this single-tenant property boasts a prime location in Downtown Durham. Built in 2024, the space is situated on the ground floor of a six-story multifamily building, offering convenient access and high visibility. The property is partially built-out, allowing for customization to suit a tenant's specific needs and operational requirements. With 757 parking spaces available in a multi-user parking deck, ample parking is ensured for customers and employees. The space is ideally suited for community-focused businesses such as small-format grocery stores, coffee shops, health and beauty services, or civic organizations. Its central location provides easy access to public transportation, major highways (Hwy 147, I-85, and I-40), and proximity to North Carolina Central University, Research Triangle Park, and Duke University. The space is available immediately. This presents a unique opportunity to establish a thriving business in a rapidly growing and dynamic urban environment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.