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506 N Mangum St
Durham, NC 27701
Retail Property For Sale
Investment Highlights
- Street-level commercial space with significant visibility within Downtown Durham.
- Highly walkable area with strong retail and amenity presence, including nearby apartments and government centers.
- Accessible location just 18 minutes from RDU Airport and 15 minutes to Research Triangle Park.
- Located along a high-traffic corridor with approximately 7,200 vehicles per day.
- Flexible DD-S2 zoning supports various commercial uses within condominium guidelines.
Executive Summary
This property consists of a ground-floor commercial condominium in a mixed-use building located in Downtown Durham. The building was constructed in 2009 and is situated along a corridor with an estimated traffic count of 7,200 vehicles per day. The site is approximately 15 minutes from Research Triangle Park, 18 minutes from Raleigh-Durham International Airport, and in proximity to Duke University and the Durham Performing Arts Center. Public parking is available nearby, and zoning (DD-S2) enables multiple commercial uses subject to condominium regulations.
1 Unit Available
Unit 103
| Unit Size | 442 SF | Sale Type | Owner User |
| Condo Use | Retail |
| Unit Size | 442 SF |
| Condo Use | Retail |
| Sale Type | Owner User |
Description
The condo at 506 N Mangum Street, Durham, NC is a street-level commercial condominium designed for either office or boutique retail use. It occupies 442 square feet within a three-story, mixed-use building constructed in 2009. The unit features a modern, open layout with checkered flooring and updated lighting, offering a bright and flexible interior that requires minimal customization.
Sale Notes
Located in the heart of vibrant Downtown Durham, this street-level retail or office condominium offers an exceptional ownership opportunity in a high-visibility corridor. The property spans 442 square feet and is strategically positioned in a bustling mixed-use environment surrounded by residential apartments, government offices, and cultural landmarks such as DPAC and the Durham County Courthouse. This turnkey space is ideal for professional services or boutique retail, offering minimal customization needs and convenient accessibility.
The location boasts strong walkability and steady foot traffic, supported by nearby amenities and public parking options. Zoning (DD-S2) permits a range of commercial uses, adding flexibility for future operations. A low monthly HOA fee enhances operational efficiency, while the modern building, constructed in 2009, ensures a well-maintained setting. The property also benefits from its connectivity, being minutes from Research Triangle Park, RDU International Airport, Duke University, and major nodes like Chapel Hill and Raleigh. With consistent demographic growth and significant consumer spending patterns in the surrounding area, this asset provides a rare chance to secure a foothold in one of the Triangle’s most
Interior Photo
Interior Photo
Interior Photo
Interior Photo
Property Facts
| Total Building Size | 31,605 SF | Typical Floor Size | 9,271 SF |
| Property Type | Multifamily (Condo) | Year Built | 2009 |
| Property Subtype | Apartment | Lot Size | 0.51 AC |
| Building Class | B | Parking Ratio | 1.15/1,000 SF |
| Floors | 3 | ||
| Zoning | DD-S2 - DD-S2 | ||
| Total Building Size | 31,605 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 9,271 SF |
| Year Built | 2009 |
| Lot Size | 0.51 AC |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | DD-S2 - DD-S2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | - | - |
