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311 E Main St 5,444 SF 100% Leased Office Building Durham, NC 27701 $3,500,000 ($642.91/SF)
INVESTMENT HIGHLIGHTS
- Frontage on E. Main & Library.
- 60 Marked Parking Spaces.
- Historic Tax Credit Potential.
EXECUTIVE SUMMARY
The three-level building includes a ground level with seven offices, a conference room, kitchenette, and soaring 15'10" ceilings; a mezzanine level with two offices; and a lower level with five offices and two restrooms. With dual frontage on East Main and Liberty Streets, the site offers high visibility and DD-C zoning, supporting a variety of adaptive reuse possibilities such as office, event space, or restaurant. Historic tax credits may be available for qualified improvements. Listed at $3,500,000.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,444 SF
Building Class
C
Year Built
1926
Price
$3,500,000
Price Per SF
$642.91
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,721 SF
Slab To Slab
12’
Building FAR
0.18
Lot Size
0.70 AC
Zoning
C2 - Commercial
Parking
64 Spaces (10 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 102929 | Improvements Assessment | $307,861 |
| Land Assessment | $3,910,916 | Total Assessment | $4,218,777 |
PROPERTY TAXES
Parcel Number
102929
Land Assessment
$3,910,916
Improvements Assessment
$307,861
Total Assessment
$4,218,777
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311 E Main St
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