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    FOR LEASE
    High-rise multifamily apartments

    321 W Corporation St, Durham, NC 27701

    2,275 SF 1.03 ac lot Built 2020
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-5667323
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located in the vibrant Central Park District of Downtown Durham, North Carolina. Situated on the ground floor of a seven-story, 171-unit luxury multifamily building, this property offers unparalleled visibility and access to a dense population of residents and visitors. The building, constructed in 2020, boasts a total of 114,840 square feet, with three available retail suites ranging from a minimum of 418 square feet to a maximum contiguous space of 1,313 square feet. Currently, 2,731 square feet are vacant, presenting a unique chance for businesses seeking flexible space options. The property's address is 321 W Corporation St, Durham, NC 27701, within Durham County. This location provides easy access to major thoroughfares and ample parking, ensuring high foot traffic and convenient access for customers. The modern design and prime location make this an ideal space for a variety of retail businesses seeking a thriving and established market. The building's multifamily component guarantees a built-in customer base, enhancing the potential for success. This is a rare opportunity to establish a presence in one of Durham's most sought-after locations. Contact us today to learn more about leasing options and explore the possibilities.

    Property profile
    Verified
    Property type High-rise multifamily apartments
    Use group HIGH-RISE APARTMENTS
    Year built 2020
    Total area 2,275 SF
    Lot 1.03 ac (44,867 SF)
    Zoning code DD-S1
    APN 104915
    UPID US53-5667323
    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
    • Atlas Durham Real Estate Agency
    • Atlas Apartments Apartment Rental Agency Apartment Complex
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    614 Rigsbee Property LLC · 4 yrs held
    614 Rigsbee Property LLC
    since 2022
    Last sale
    $48.7M
    6 recorded transactions
    2022
    $48.7M
    2020
    $3.5M
    2018
    $2.5M
    2014
    $1.2M
    2007
    $585,000
    2005
    Zoning & alternative use
    DD-S1 · Durham, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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