501 Washington StDurham, NC 27701

Property Details for 501 Washington St

Year built

2000

Lot size

1.63 AC

Property size (Sq ft)

18,995 SF

Zone code

DD-S1

Property type

Commercial land

APN

235603

APU

235603

Description

The Shops at Wye Apartments offers exceptional retail and restaurant opportunities in the vibrant city of Durham, North Carolina. This two-building complex, completed in Q3 2024, boasts a total of 310,000 square feet, with six available commercial suites ranging from 1,745 to 4,325 contiguous square feet. Currently, 16,961 square feet of retail space is vacant and ready for immediate occupancy. Located at 501 Washington St, Durham, NC 27701, this ground-floor retail space is ideally situated within a six-story, multifamily development, providing high foot traffic and visibility. The complex features 383 parking spaces for convenient customer access. The building's modern design and prime location make it perfect for a variety of businesses, including cocktail bars, pubs, boutique fitness studios, restaurants, and urban markets. This is a unique opportunity to establish a presence in a thriving Durham community within a newly constructed building. The property is situated in Durham County and offers a total of six suites across two buildings, each six stories high. The minimum divisible space is 1,745 square feet, while the maximum contiguous space available is 4,325 square feet.

• Alternative Use

  Use

  Valuation

  Residential

  $5,199,358

  Hospitality

  $4,762,584

  Educational

  $3,962,414

  Medical

  $4,098,687

  Retail

  $6,163,754

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

36.0027

Longitude

-78.9039

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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