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101-103 W Main St - The Kress Building 4,574 SF Office/Retail Condo Unit Offered at $1,171,000 in Durham, NC 27701
Investment Highlights
- Easy access to the NC 147 (Durham Freeway), Duke University, and Duke University Medical Center.
- Numerous dining options include The Hive, Bar Virgile, Luna Rotisserie and Empanadas, Mateo, and Bull McCabe’s Irish Pub.
Executive Summary
Located in the historic Art Deco Kress Building in Downtown Durham. Parking available in the Church Street parking garage, on street parking, and a paved lot behind the building. Walkable to most of Downtown Durham, DPAC, American Tobacco Campus and the DBAP.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 8.00% |
| Sale Type | Investment |
| Cap Rate | 8.00% |
Description
Condo features two suites. Suite L01 offers 2,721 SF (lease expiration 12/31/30) and Suite L02 offers 1,853 SF (Lease expiration 12/31/35).
Sale Notes
Commercial condo totaling approx 4,574 SF for sale.
Prominently located on the corner of Main Street and Mangum Street. The building offers unbeatable walkability to numerous restaurants, shops, and
parking decks. Owners have recently invested in a new roof and HVAC.
Prominently located on the corner of Main Street and Mangum Street. The building offers unbeatable walkability to numerous restaurants, shops, and
parking decks. Owners have recently invested in a new roof and HVAC.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit LO1-LO2 | 4,574 SF | Office/Retail | $1,171,000 ($256.01/SF) | $93,680 |
Unit LO1-LO2
| Unit Size |
| 4,574 SF |
| Condo Use |
| Office/Retail |
| Price |
| $1,171,000 ($256.01/SF) |
| NOI |
| $93,680 |
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Unit LO1-LO2
| Unit Size | 4,574 SF |
| Condo Use | Office/Retail |
| Price | $1,171,000 ($256.01/SF) |
| NOI | $93,680 |
| Sale Type | Investment |
| Cap Rate | 8.00% |
| Description | |
| Condo features two suites. Suite L01 offers 2,721 SF (lease expiration 12/31/30) and Suite L02 offers 1,853 SF (Lease expiration 12/31/35).</li></ul> | |
| Sale Notes | |
| Commercial condo totaling approx 4,574 SF for sale.<br> <br> Prominently located on the corner of Main Street and Mangum Street. The building offers unbeatable walkability to numerous restaurants, shops, and<br> parking decks. Owners have recently invested in a new roof and HVAC.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 49,000 SF | Typical Floor Size | 9,628 SF |
| Property Type | Office (Condo) | Year Built | 1930 |
| Property Subtype | Loft/Creative Space | Lot Size | 0.26 AC |
| Building Class | B | Parking Ratio | 0.37/1,000 SF |
| Floors | 5 | ||
| Zoning | DD-C - Downtown Commercial | ||
| Total Building Size | 49,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Loft/Creative Space |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 9,628 SF |
| Year Built | 1930 |
| Lot Size | 0.26 AC |
| Parking Ratio | 0.37/1,000 SF |
| Zoning | DD-C - Downtown Commercial |
Amenities
- 24 Hour Access
- Property Manager on Site
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
1 of 83
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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101-103 W Main St - The Kress Building
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