602 N Mangum St Durham, NC 27701
Property profile & analytics
602 N Mangum St Durham, NC 27701
- Retail space
- 6,336 SF
- 0.43 lot acres
Property ID
US53-1450301
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 602 N Mangum St
- Year built
- 1970
- Lot size
- 0.43 lot acres
- Property size
- 6,336 SF
- Zone code
- DD-S2
- Property type
- Retail space
- APN
- 110421
- APU
- 110421
Description
This exceptional 1.04-acre commercial land parcel presents a unique infill opportunity in Durham's vibrant Old Five Points neighborhood. Located at 602 N Mangum St, Durham, NC 27701, this property boasts three parcels with frontage on both North Mangum Street and Cleveland Street. The site is ideally situated within walking distance of key attractions including the Durham Bulls Athletic Park, American Tobacco Campus, Durham Performing Arts Center, the Carolina Theatre, and Durham Central Park. Currently featuring a 6,528 square foot building with on-site parking, constructed in 1970 and with a roof replaced within the last decade, the property offers immediate income potential. The existing building is fully conditioned. The land is zoned DD-S2, permitting a variety of uses including multifamily, condominium, townhome, office, medical office, retail, and restaurant developments, with building heights up to 35 feet, or 50 feet with a special use permit. RS-M zoning also permits multifamily construction. North Mangum Street, a two-lane, one-way southbound road, provides convenient access to the Durham Freeway (NC 147). The surrounding area is experiencing significant growth, with several new mid-rise apartment, townhome, and condo developments underway. This presents a compelling investment opportunity in a thriving, high-demand location. The asking price is $4,600,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,215,000
- 6.5%
- $1,125,000
- 7%
- $1,045,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $822,000
Market price range: $267k - $906k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,555,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.8963
- Latitude
- 35.9995
- CBSA code
- 20500
- CBSA name
- DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$8,683
$752,716
$492,264
$1,244,980
-
$752,716
$492,264
$1,244,980
