1109 Main StDurham, NC 27701

Property Details for 1109 Main St

Year built

1956

Lot size

0.86 AC

Property size (Sq ft)

10,203 SF

Zone code

CG

Property type

Retail space

APN

111817

APU

111817

Description

This exceptional 10,268 square foot vacant grocery store, located at 1109 E Main St in Durham, NC, presents a rare opportunity for investors. Situated on a 0.86-acre lot in a vibrant downtown area, this single-tenant, NNN-lease property offers maximum visibility and exposure. Built in 1956, the building is zoned GC and boasts a flexible layout ideal for various retail uses. The property's prime location ensures easy access to major highways, attracting both customers and employees. Surrounded by shops, restaurants, and entertainment venues, it benefits from a thriving community and supportive business ecosystem. The asking price is $3,500,000, translating to $340.86 per square foot. This property is located in an Opportunity Zone, providing attractive tax incentives. The APN is 831341555. This is a unique chance to establish a retail business in a high-demand location within Durham's expanding retail landscape. The property's size and location make it an attractive investment opportunity. Don't miss this chance to capitalize on Durham's growth.

• CAP approach

  CAP return

  Valuation

  6%

  $3,586,708

  6.5%

  $3,310,808

  7%

  $3,074,321

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,901,832

  Geo Method

  $5,901,832

• Alternative Use

  Use

  Valuation

  Residential

  $2,792,790

  Hospitality

  $2,558,180

  Educational

  $2,128,376

  Medical

  $2,201,574

  Retail

  $3,310,808

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

35.988

Longitude

-78.8879

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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