Property profile

1109 Main St Durham, NC 27701

OFF-MARKET
Retail space
Property ID
US53-0301794
10,203 SF 0.86 ac lot Built 1956
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 10,268 square foot vacant grocery store, located at 1109 E Main St in Durham, NC, presents a rare opportunity for investors. Situated on a 0.86-acre lot in a vibrant downtown area, this single-tenant, NNN-lease property offers maximum visibility and exposure. Built in 1956, the building is zoned GC and boasts a flexible layout ideal for various retail uses. The property's prime location ensures easy access to major highways, attracting both customers and employees. Surrounded by shops, restaurants, and entertainment venues, it benefits from a thriving community and supportive business ecosystem. The asking price is $3,500,000, translating to $340.86 per square foot. This property is located in an Opportunity Zone, providing attractive tax incentives. The APN is 831341555. This is a unique chance to establish a retail business in a high-demand location within Durham's expanding retail landscape. The property's size and location make it an attractive investment opportunity. Don't miss this chance to capitalize on Durham's growth.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1956
Total area 10,203 SF
Lot 0.86 ac (37,462 SF)
Zoning code CG
APN 111817
UPID US53-0301794

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Waste Management Facility
  • Bank Credit Union
  • Atm

Location

1109 Main St Durham, NC 27701-4026
Durham metro Census 1100 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.53M
Blend (final) Blend
$1.10M

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2025
$2.5M

Zoning & alternative use

CG · Durham, NC
Zoning description

The CG District is established to provide for a wide variety of commercial activities of varying scales that are designed to be served by major thoroughfares, and other similar high-volume rights-of-way. It is the intent…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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