216-218 Rigsbee Ave Durham, NC 27701
- Office Properties & Spaces
- 10,461 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 216-218 Rigsbee Ave
- Year built
- 1936
- Property size
- 10,461 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 10,461-square-foot office building at 216-218 Rigsbee Avenue in Durham, North Carolina, presents a unique investment opportunity. The property, situated on a 0.7-acre lot, offers significant flexibility for various uses. Currently configured as a single-tenant executive office space, the building's potential extends beyond its existing layout. The property could be adapted for residential conversion or redeveloped into a new mid-rise structure, subject to zoning approvals. Built in 1936, this three-story building features four structures and includes an elevator. The DD-C zoning designation opens doors to a range of possibilities. Its prime location in Durham's vibrant downtown core places it within easy reach of numerous amenities, including restaurants, bars, hotels, the Durham Convention Center, Carolina Theater, Durham Bulls Stadium, American Tobacco Campus, and the Performing Arts Center. The building's 10,461 square feet are currently vacant, providing immediate occupancy for a single tenant. This property is available for sale or lease, making it an attractive option for both owner-occupiers and investors seeking a strategic foothold in a thriving urban environment. The property is classified as Class C and is located in Durham County, NC, zip code 27701.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.8997
- Latitude
- 35.9975
