112 Main St Durham, NC 27701
- Commercial real estate
- 2,280 SF
- 0.03 lot acres
Current Use by Public Records
- Morningstar Law Group / Law Firm
- B-Smokestack Vapes / Vaporizer Store
- Johnson Allied Health Services / Home Health Care Service
- Golder's Bailbonds / Bail Bonds Service
- Luna Rotisserie and Empanadas / South American Restaurant
Property Details for 112 Main St
- Year built
- 1920
- Lot size
- 0.03 lot acres
- Property size
- 2,280 SF
- Zone code
- DD-C
- Property type
- Commercial real estate
- APN
- 102845
- APU
- 102845
Description
This exceptional mixed-use property, located at 112 W Main St in Durham, NC, presents a unique investment opportunity. The 9,256 square foot building, constructed in 1925, sits on a 0.11-acre lot and is zoned DD-C. Currently featuring three units, the property boasts a high-profile location in the heart of Durham's vibrant downtown core, within the Bullpen Social District. The ground floor is anchored by established and successful businesses: Luna Restaurant on Main Street and Durham Vintage Collective on Parrish Street (Black Wall Street). The second floor is currently vacant, offering significant potential for redevelopment as retail, office, or residential space, ideal for an owner-occupant or investor seeking to maximize returns. Its prime location offers easy walkability to the American Tobacco Campus and Durham Performing Arts Center, surrounded by numerous shops, bars, restaurants, and residential developments. The asking price is $3,200,000. This property offers a blend of established income and significant upside potential in a thriving urban environment. The building is in excellent condition. This "First and Main" location provides frontage on both Main Street and Black Wall Street (Parrish Street), maximizing visibility and accessibility.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $845,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $660,000
- 6.5%
- $770,000
- 7%
- $690,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $690,000
- Geo Method
- $630,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $710,000
- Retail
- $605,000
- Mixed-Use
- $770,000
- Hospitality
- $610,000
- Educational
- $780,000
- Residential Income
- $725,000
- Energy
- $760,000
- Income-Based Land
- $750,000
- Food Service
- $585,000
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.9003
- Latitude
- 35.9946
- CBSA code
- 20500
- CBSA name
- DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA