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Historic Downtown Durham Retail & Office Bldg 401 E Chapel Hill St
6,170 SF Vacant Retail Building Durham, NC 27701 $3,371,232 CAD ($546 CAD/SF)
Investment Highlights
- Fully renovated historic building with highly visible corner location
- Located in the City Center District, just minutes from Duke University/Hospital, NCCU, and RTP
- Separate entrances/street addresses and dedicated HVAC systems/controls for each floor
- Leased street level space to long standing restaurant, Rue Cler
- Turnkey second floor office space with mix of open area and private offices
- Potential to convert the second floor into lucrative residential use and capitalize on substantial historic building tax credits
Executive Summary
Upstairs is a turnkey office with a mix of open and private areas ideal for a business looking for collaborative space. The upstairs can also be converted to residential use, with views of the historic 1920s post office across the street.
This property is ideal for an owner occupant who can utilize the upstairs space for office/residential use while collecting rent from a market-rate lease. Its attractive facade/street presence, City Center District location, as well as its proximity to Duke University/Hospital, 9th Street, and the Durham Fwy (among other area amenities) make the property an ideal purchase for those looking for a true downtown gem.
Property Facts
Amenities
- Bus Line
- Signage
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
SVN | Real Estate Associates a le plaisir d'offrir à la location la suite du deuxième étage située au 401 E. Chapel Hill Street, au centre-ville de Durham, en Caroline du Nord. Cet espace d'environ 3 000 pi2 présente une belle présence au coin de l'intersection de l'avenue Rigsbee et est situé au-dessus d'un restaurant français de longue date, la rue Cler. L'espace est actuellement un bureau clé en main avec un mélange d'espaces ouverts et privés, ce qui le rend idéal pour une entreprise à la recherche d'un espace collaboratif au cœur du centre-ville.
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 3,000 SF | Office | - | Now |
2nd Floor
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size | 3,000 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
SVN | Real Estate Associates a le plaisir d'offrir à la location la suite du deuxième étage située au 401 E. Chapel Hill Street, au centre-ville de Durham, en Caroline du Nord. Cet espace d'environ 3 000 pi2 présente une belle présence au coin de l'intersection de l'avenue Rigsbee et est situé au-dessus d'un restaurant français de longue date, la rue Cler. L'espace est actuellement un bureau clé en main avec un mélange d'espaces ouverts et privés, ce qui le rend idéal pour une entreprise à la recherche d'un espace collaboratif au cœur du centre-ville.
PROPERTY TAXES
| Parcel Number | 102974 | Improvements Assessment | $1,256,354 CAD |
| Land Assessment | $336,527 CAD | Total Assessment | $1,592,881 CAD |
PROPERTY TAXES
-
Carey Greene -
Shara Nejad -
SVN | Real Estate Associates
Presented by
Historic Downtown Durham Retail & Office Bldg | 401 E Chapel Hill St
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