102 Mangum St Durham, NC 27701
This exceptional commercial property, located at the corner of N. Mangum Street and E. Parrish Street in the heart of Downtown Durham, offers a unique opportunity for businesses seeking executive office space. Comprising three historic buildings totaling 13,986 square feet, the property has undergone recent renovations and boasts a coveted Class B rating. Three spaces are currently available, ranging from a minimum of 1,354 square feet to a maximum contiguous space of 6,527 square feet, with a total of 9,767 square feet currently vacant. The property benefits from a highly walkable location (92 Walk Score), placing it within easy reach of City and County municipal buildings, including Durham City Hall. Successful co-tenants include Bull City Burger & Brewery, Bull City Learning, and on Track Technologies. Its prime downtown location provides convenient access to Duke University, the American Tobacco Campus, and the Durham Freeway (Hwy 147). Nearby attractions include the Carolina Theatre, Durham Performing Arts Center (DPAC), Durham Bulls Athletic Park (DBAP), and a vibrant array of restaurants, breweries, distilleries, and art galleries. On-street and deck parking is available. Favorable lease terms are offered by a well-capitalized owner, making this a compelling investment opportunity. The property was built in 1913 and features multiple tenancies.
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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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.