Listed by Lee & Associates - Raleigh Durham
$4,600,000
Downtown Durham Infill/Commercial Opportunity
Details
Property Type Land
Sub Type Commercial
Acreage 1.040
Zoning DD-S2
Land | 1.04 acres
Marketing description
Land for Sale in Downtown Durham in the Old Five Points Neighborhood. the Property is Located Within a Short Walk of the Durham Bulls Athletic Park, American Tobacco Campus, Durham Performing Arts Center, the Carolina Theatre, and Durham Central Park.
Investment highlights
- Three Parcels Totaling 1.04 Acres With Frontage on North Mangum Street and Cleveland Street.
- Located Within a Short Walk of the Durham Bulls Athletic Park, American Tobacco Campus, Durham Performing Arts Center, the Carolina Theatre, and Durham Central Park.
- 6,528 Sf Fully-conditioned Building With Parking on Site. Built in 1970; Roof Replaced in Last 10 Years Old. Current Land Use for 602 & 606 N Mangum is Commercial, Retail Services, and Parking Lots Surface.
- North Mangum Street is a Two-lane, One-way Southbound Road That Connects to the Durham Freeway (Nc 147).
- Several New Mid-rise Apartments, Townhomes, and Condo Developments in the Neighborhood.
- Permitted Uses in Dd-s2 Include Multifamily, Condominium, Townhome, Office, Medical Office, Retail and Restaurant With Building Height Up to 35’ or 50’ With a Special Use Permit. Rs-m Permits Multifamily.
Listing Contacts
Listed by Lee & Associates - Raleigh Durham
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