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    OFF-MARKET
    Churches & religious facilities

    201 Alston Ave, Durham, NC 27701

    10,893 SF 0.44 ac lot Built 1925
    Property ID
    US53-1108690
    Property summary
    AI-generated overview

    This exceptional 10,893 square foot special purpose property, located at 201 S Alston Ave in Durham, NC, presents a unique investment opportunity. Built in 1925, this one-building property sits on a 0.44-acre lot (APN 111886) and is zoned IL. The asking price is $4,100,000, translating to $376.39 per square foot. The property features a recently installed roof with a 30-40 year lifespan, ensuring long-term durability. Remarkable stained-glass windows, dating back to 1910 and valued at over $500,000, add to its historical significance and aesthetic appeal. Hardwood floors are found throughout, some currently covered. The building includes HVAC systems and a functional payphone. The main level boasts a sanctuary capable of seating up to 300, a secretary's office, and a conference room. Upstairs, you'll find additional sanctuary space under a dome, a pastor's office, and two balconies with seating for 100. The lower level offers a large kitchen with ample storage, lounges, and recreational areas. This property's rich history and versatile layout make it ideal for various uses, and its potential for historic designation adds significant value. The property is being sold AS IS.

    Property profile
    Verified
    Property type Churches & religious facilities
    Year built 1925
    Total area 10,893 SF
    Lot 0.44 ac (19,166 SF)
    APN 111886
    UPID US53-1108690
    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
    • Greater Bethlehem Temple Apostolic Faith Church Church
    • Asbury Temple United Methodist Church - Food Distribution Center Food Bank Charitable Organization
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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