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501 Mangum st 8,000 SF 100% Leased Retail Building Durham, NC 27701 $5,000,000 ($625/SF)
Executive Summary
Fantastic opportunity! 8000 sqft building in downtown Durham with a 4000 sqft basement accessible with by walk-in and roll-up doors. Fenced lot with parking. Former Public Hardware retail. Previously approved by the City of Durham for a 15-story building with 4 parking levels that included over 200 multi-family units with associated amenities and infrastructure, totaling over 350, 000 square foot. This is still on the books at the Durham Planning Department under A - D2300216 or by using 501 N Mangum Street. Conveniently located within walking distance of local dining and shopping.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
8,000 SF
Year Built
1954
Price
$5,000,000
Price Per SF
$625
Percent Leased
100%
Building Height
2 Stories
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Property Taxes
| Parcel Number | 104973 | Improvements Assessment | $8,738 |
| Land Assessment | $398,574 | Total Assessment | $407,312 |
Property Taxes
Parcel Number
104973
Land Assessment
$398,574
Improvements Assessment
$8,738
Total Assessment
$407,312
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Contact the Sale Advisor
501 Mangum st