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Investment Highlights

  • Prime location in Downtown Durham's vibrant retail and business core.
  • Conveniently located near bars, restaurants, boutique hotels, arts, and entertainment.
  • 3-story, 4 level building with elevator and large breakroom/area on the mezzanine level.
  • Adjacent to the Morgan Rigsbee Parking Garage.

Executive Summary

Maverick Partners Realty is pleased to present 216-218 Rigsbee Avenue located in the Downtown Durham vibrant retail and business core. This 10,461 SF building is offered "For Sale" or "For Lease." Flexibility and functionality highlight the multiple ways this space can evolve ranging from office use, converting the existing structure to residential, or constructing a new mid-rise building on the .07 acre lot. 216-218 Rigsbee Avenue's proximity to restaurants, bars, hotels, Durham's Convention Center, Carolina Theater, Durham Bulls Stadium, American Tobacco, and the Performing Arts Center are major attractions for all users or investors.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,461 SF
Building Class
C
Year Built
1936
Price
$1,800,000
Price Per SF
$172.07
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
3,487 SF
Slab To Slab
13’
Building FAR
3.00
Lot Size
0.08 AC
Zoning
DD-C - Design District-Core
Parking
1 Spaces (0.1 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • Basement
  • 2,802 SF
  • Office
  • Full Build-Out
  • Now

Flexibility and functionality highlight the multiple ways this space can evolve ranging from office use, converting the existing structure to residential, or constructing a new mid-rise building on the .07-acre lot. Single tenant preferred.

  • 1st Floor
  • 2,781 SF
  • Office
  • Full Build-Out
  • Now

Flexibility and functionality highlight the multiple ways this space can evolve ranging from office use, converting the existing structure to residential, or constructing a new mid-rise building on the .07 acre lot. Single tenant preferred.

  • Mezzanine
  • 2,076 SF
  • Office
  • Full Build-Out
  • Now

Flexibility and functionality highlight the multiple ways this space can evolve ranging from office use, converting the existing structure to residential, or constructing a new mid-rise building on the .07 acre lot. Single tenant preferred.

  • 3rd Floor
  • 2,802 SF
  • Office
  • Full Build-Out
  • Now

Flexibility and functionality highlight the multiple ways this space can evolve ranging from office use, converting the existing structure to residential, or constructing a new mid-rise building on the .07 acre lot. Single tenant preferred.

Space Size Space Use Build-Out Available
Basement 2,802 SF Office Full Build-Out Now
1st Floor 2,781 SF Office Full Build-Out Now
Mezzanine 2,076 SF Office Full Build-Out Now
3rd Floor 2,802 SF Office Full Build-Out Now

Basement

Size
2,802 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

1st Floor

Size
2,781 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

Mezzanine

Size
2,076 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

3rd Floor

Size
2,802 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

Basement

Size 2,802 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Flexibility and functionality highlight the multiple ways this space can evolve ranging from office use, converting the existing structure to residential, or constructing a new mid-rise building on the .07-acre lot. Single tenant preferred.

1st Floor

Size 2,781 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Flexibility and functionality highlight the multiple ways this space can evolve ranging from office use, converting the existing structure to residential, or constructing a new mid-rise building on the .07 acre lot. Single tenant preferred.

Mezzanine

Size 2,076 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Flexibility and functionality highlight the multiple ways this space can evolve ranging from office use, converting the existing structure to residential, or constructing a new mid-rise building on the .07 acre lot. Single tenant preferred.

3rd Floor

Size 2,802 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Flexibility and functionality highlight the multiple ways this space can evolve ranging from office use, converting the existing structure to residential, or constructing a new mid-rise building on the .07 acre lot. Single tenant preferred.

Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 102997
  • 102996
Land Assessment
$594,413
Improvements Assessment
$1,264,510
Total Assessment
$1,858,923
  • Listing ID: 32031592

  • Date on Market: 6/5/2024

  • Last Updated:

  • Address: 216 & 218 Rigsbee Ave, Durham, NC 27701

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