620 Foster StDurham, NC 27701

Property Details for 620 Foster St

Year built

1964

Lot size

1.91 AC

Property size (Sq ft)

563,093 SF

Zone code

DD-S1

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

105118

APU

105118

Description

Introducing GeerHouse, a vibrant new retail opportunity in Durham, North Carolina. Located at 620 Foster St, this exceptional property offers 13,320 square feet of commercial space within a dynamic mixed-use development. The building, completed in 2023, boasts nine stories and features eight individual retail suites, ranging from a minimum of 709 square feet to a maximum contiguous space of 2,876 square feet. Currently, 18,495 square feet are available for lease. Ideal for food and beverage establishments or professional services, these ground-floor spaces benefit from high visibility and convenient access within a thriving community. The building is part of a larger development including a 220-unit multifamily building, ensuring a built-in customer base and ample foot traffic. Ample parking is provided for both residents and patrons. This is a unique chance to establish a presence in a rapidly growing area of Durham County, NC, zip code 27701. The property's modern design and prime location make it an attractive option for businesses seeking a high-impact presence in a dynamic urban setting. Contact us today to learn more about leasing opportunities and secure your space in this exciting new development.

• CAP approach

  CAP return

  Valuation

  6%

  $166,975,456

  6.5%

  $154,131,184

  7%

  $143,121,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $200,341,168

  Geo Method

  $200,341,168

• Alternative Use

  Use

  Valuation

  Residential

  $154,131,184

  Hospitality

  $141,183,344

  Educational

  $117,462,880

  Medical

  $121,502,608

  Retail

  $182,720,032

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

36.0033

Longitude

-78.9007

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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