949 Washington St Durham, NC 27701
This exceptional 37,492-square-foot Class A industrial property, located at 949 Washington Street in Durham, North Carolina, presents a unique adaptive reuse opportunity. Built in 1955 and extensively renovated in 2021, this single, two-story building sits on a 3.17-acre lot and offers a flexible layout suitable for distribution, flex, or warehouse uses. The property boasts a 16-foot ceiling height, one loading dock with a 10' x 10' roll-up door, and ample parking (3.5 spaces per 1,000 square feet). The zoning is IND/WHSE-STORAGE, allowing for a variety of industrial applications. The building features a 90' x 235' high bay floor area and a 1600 Kva service with a 480V/200A panel. Potential exists for a 70' x 40' equipment yard for generator and process equipment/tanks. The property's prime downtown Durham location offers convenient access to amenities and is within walking distance of the Central Park Entertainment District. This is a rare opportunity to acquire a fully renovated, adaptable industrial space in a thriving urban environment. The property's specifications include column spacing of 23'8" x 30', and HVAC is custom by user. The building's design and construction were overseen by MHAworks (design team) and McDonald York (general contractor).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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