Redevelopment Opportunity
0.95 Acres of Commercial Land Offered at $5,200,000 USD in Durham, NC 27701
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,200,000
- Property Type
-
Land
Listing Contacts
Jerry Gambill
Verified Profile
- Property Info
Property Overview
The 0.95 acre rectangular-shaped site (±41,600 SF) has about 250 feet of frontage on the east side of N. Mangum Street, a two lane, one-way southbound corridor that goes through the downtown center to the Durham Freeway (NC 147).
Permitted uses include multi-family, condo/town home, medical office, retail, restaurant, office, and some light industrial service uses.
A 12,000 SF single story building has served as the home of Nehemiah Christian Center Church of God in Christ since 2001. Constructed circa the 1960's, the one story masonry building is divided into worship areas, classrooms, church offices, and restrooms.
The 514-518 lots are improved with the building and parking (20 spaces) on three sides in addition to on street parking. The 520 Mangum Street lot is newly asphalt paved and striped for 32 spaces.
Attractive downtown Durham location is a short walk from Durham City-County governmental offices, Durham's DPAC (Durham Performing Arts Center), Durham Central Park, Old Bulls Baseball Facility, and the Durham Bulls Athletic Park.
The neighborhood is developing steadily with new mid-rise apartment complexes, residential condominium and town home properties and new retail and restaurant businesses. Mixed use projects are being built along nearby Rigsbee Avenue, Foster Street, Washington Street, Morgan Loop, Geer Street, Corporation Street and Hunt Street among others.
Permitted uses include multi-family, condo/town home, medical office, retail, restaurant, office, and some light industrial service uses.
A 12,000 SF single story building has served as the home of Nehemiah Christian Center Church of God in Christ since 2001. Constructed circa the 1960's, the one story masonry building is divided into worship areas, classrooms, church offices, and restrooms.
The 514-518 lots are improved with the building and parking (20 spaces) on three sides in addition to on street parking. The 520 Mangum Street lot is newly asphalt paved and striped for 32 spaces.
Attractive downtown Durham location is a short walk from Durham City-County governmental offices, Durham's DPAC (Durham Performing Arts Center), Durham Central Park, Old Bulls Baseball Facility, and the Durham Bulls Athletic Park.
The neighborhood is developing steadily with new mid-rise apartment complexes, residential condominium and town home properties and new retail and restaurant businesses. Mixed use projects are being built along nearby Rigsbee Avenue, Foster Street, Washington Street, Morgan Loop, Geer Street, Corporation Street and Hunt Street among others.
Property Details
- Property Subtype
- Commercial
Highlights
- 0.95 Acre Rectangular-Shaped Site
- Attractive Downtown Durham Location
- Zoned: DD S-2
- Additional Street Parking Available
- **SHOWN BY APPOINTMENT ONLY**
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