201 Alston Ave, Durham, NC 27701
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.
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Greater Bethlehem Temple Apostolic Faith Church Church
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Asbury Temple United Methodist Church - Food Distribution Center Food Bank Charitable Organization
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.