601 Fayetteville St 400 Durham, NC 27701-4459
This exceptional commercial property presents a unique investment opportunity in Durham's vibrant Hayti District. Strategically located just off Highway 147, this 1.8-acre site enjoys unparalleled access to downtown Durham, placing it within a mile of the Durham Performing Arts Center and the Durham Bulls Athletic Park. The property's proximity to RDU International Airport (less than 15 miles) further enhances its appeal. The building comprises three distinct condo-style office suites, each offering a high level of functionality and flexibility. Suite 300 boasts a spacious reception area, seven private offices, three conference rooms, and a convenient break room. Suite 200 features a reception area, six private offices, one conference room, and a break room. The property's prime location, combined with its versatile layout and multiple suite options, makes it an ideal investment for a variety of commercial uses. The substantial lot size also offers potential for future expansion or development. This is a rare chance to acquire a significant commercial asset in a rapidly growing and highly desirable area of Durham. The asking price is $6,500,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OI-2 · Durham, NCCosts & 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.