601 Fayetteville StDurham, NC 27701

Property Details for 601 Fayetteville St

Year built

1979

Property size (Sq ft)

2,113 SF

Zone code

OI-2

Property type

Office properties

APN

119258

APU

119258

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $505,301

  6.5%

  $466,432

  7%

  $433,115

• Comparable approach

  Method

  Valuation

  Relative Method

  $485,018

  Geo Method

  $485,018

• Alternative Use

  Use

  Valuation

  Residential

  $578,376

  Hospitality

  $529,789

  Educational

  $440,778

  Medical

  $455,937

  Retail

  $685,655

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

35.9865

Longitude

-78.8977

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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