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501 Mangum st 12,000 SF Retail Building Durham, NC 27701 $5,000,000 ($416.67/SF)
Investment Highlights
- Excellent location!
- Conveniently located within walking distance of local dining and shopping.
- Fenced lot with parking.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,000 SF
Building Class
B
Year Built
1954
Price
$5,000,000
Price Per SF
$416.67
Tenancy
Single
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.69 AC
Parking
15 Spaces (1.25 Spaces per 1,000 SF Leased)
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 Numbers | Improvements Assessment | $462,010 | |
| Land Assessment | $1,880,485 | Total Assessment | $2,342,495 |
Property Taxes
Parcel Numbers
Land Assessment
$1,880,485
Improvements Assessment
$462,010
Total Assessment
$2,342,495
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
501 Mangum st