707 Mangum St Durham, NC 27701
- Commercial real estate
- 10,130 SF
Current Use by Public Records
- Commercial real estate
Property Details for 707 Mangum St
- Year built
- 1941
- Property size
- 10,130 SF
- Property type
- Commercial real estate
Description
This exceptional redevelopment opportunity presents a 10,130 square foot, two-story building situated on a 16,496 square foot lot at 707 N Mangum St, Durham, NC 27701. Built in 1941, this vacant property boasts a rich history and is ideally located in the vibrant Old Five Points area. The building's interior has been fully demolished, simplifying the redevelopment process. A new roof has already been installed, and the property is ready for building permits. Zoned DD-S2, it offers significant potential for a mixed-use development, combining retail and residential spaces. The property includes 14 on-site parking spaces, a significant advantage in this high-traffic area. Its prime location ensures high visibility and abundant foot traffic, creating an ideal environment for a successful retail venture. This is a rare chance to capitalize on the growth and energy of Durham's thriving commercial district. The asking price is $2,600,000. This property is a blank canvas for a creative and lucrative mixed-use project.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.8960927
- Latitude
- 36.0008196
