121 E Parrish St
Durham, NC 27701
Clayton & Myrick Building · Office Property For Sale

Craft Commercial is pleased to exclusively represent 121 E. Parrish Street in offering this classic downtown Durham property for sale and lease. Previously utilized as law offices, ownership completed initial interior and exterior work to revitalize this property. It’s positioned for new tenancy and ideal for single and multi-tenant occupancy. Well suited for retail, office and restaurant use with a 90 Walk Score and close proximity to parking. Downtown Durham is Durham’s third largest office submarket and features strong absorption, low vacancy rates (less than 10%) and average Class B office rents of $28.00 per square foot, full-service per Co-Star in the 4th quarter 2018. With average gross rents of $20.00 per square foot for the submarket, and ownership projected, stabilized operating expenses of $3.20 per square foot, this investment presents an attractive return on cost and leveraged equity opportunity. - Local Ownership vested in the community - Fantastic single or multi-tenant rental opportunity in the heart of DT Durham - Free standing, two-story building with vintage appeal -Tenant pays separately metered utilities including electric and telephony - Well suited for office, retail, and restaurant use with 91 Walk Score - In walking distance of DPAC, Durham government offices, Durham Bulls Athletic Park, and the American Tobacco Campus - Zoning: C3 - Easy access to Durham Freeway and I-85