1109 Main St Durham, NC 27701-4026
- Retail space
- 10,203 SF
- 0.86 lot acres
Current Use by Public Records
- Cunningham Dumpster Rental / Garbage Dump Service
- MoneyGram / Money Transfer Service
- LibertyX Bitcoin ATM / Atm
Property Details for 1109 Main St
- Year built
- 1956
- Lot size
- 0.86 lot acres
- Property size
- 10,203 SF
- Zone code
- CG
- Property type
- Retail space
- APN
- 111817
- APU
- 111817
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.8879
- Latitude
- 35.988
- CBSA code
- 20500
- CBSA name
- DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
