Listed by Elite Commercial Group
$830,000
112 E. Main St
Details
APN 102845
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 2,386
Units 2
Occupancy 50%
Tenancy Multi
Lease Expiration 04/30/2029
Rent Bumps Yes
Lease Options 5-year renewal
Year Built 1920
Year Renovated 1998, 2022
Stories 2
Acreage 0.030
Zoning DD-C (Downtown Design – Core)
Investment Type Net Lease
Ground Lease No
About This Property
Marketing description
- Size: 2,386 Sq. Ft.
- Zoning: DD-C (Downtown Design – Core)
- Prime Downtown Location: -Within walking distance of the American Tobacco Campus, Durham Bulls Athletic Park, and the Durham Performing Arts Center (DPAC)
- Connectivity: Easy access to Durham Freeway and 15 minutes to RDU & RTP
- Also Available as a Combined Portfolio with 114 E Main St
- Both properties share the same owner, are contiguous, and have interior access between them.
- Purchasing together unlocks short-term rental approval for second floor and maximizes income potential in one of NC's most dynamic downtown markets.
*116 E Main St may be willing to sell as a portfolio
Investment highlights
First Floor – Suite 1: Leased through April 30, 2029 with a 5-year renewal option at market rate
Second Floor: Available for office leasing or preliminary city approved short term Rental (STR) — approval is contingent on combined purchase with 114 E Main St
Unfinished basement with exterior access — ideal for storage or future build-out
Historic charm with modern upgrades
Zoning: DD-C (Downtown Design – Core)
Land Use: Commercial General Land Use Code: COM/DWNTWN ROW-ATTA
Permits office, retail, and residential uses — exceptional flexibility
Listing Contacts
Listed by Elite Commercial Group
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