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Property profile & analytics
OFF-MARKET Estimated value $1,095,000
Retail space

1109 Main St Durham, NC 27701-4026

10,203 SF 0.86 ac lot Built 1956
Entity Owned Absentee Owner Free & Clear
Property ID
US53-0301794
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cunningham Dumpster Rental Waste Management Facility
  • MoneyGram Bank Credit Union
  • LibertyX Bitcoin ATM Atm
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
1109 E Main LLC
1109 E Main LLC
since 2025
2 recorded transactions
2025
Price N/A
2025
$2.5M
Zoning & alternative use
CG · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 of this district to provide sufficient size and depth of property to meet business needs, yet maintain safe traffic flows. Businesses in th…

Zone name Commercial General
General category COMMERCIAL
Zone area 735.30 ac
Source Realmo
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