Listed by Elite Commercial Group
$830,000
114 E Main St
Details
Property Type Retail, Mixed Use
Sub Type Convenience Store, Storefront
Square Footage 2,386
Occupancy 100%
Tenancy Multi
Year Built 1920
Year Renovated 1998
Buildings 1
Acreage 0.030
Zoning DD-C (Downtown Design - Core)
Investment Type Stabilized
Ground Lease No
Retail | 2,386 SqFt
Marketing description
Historic charm with modern upgrades in prime downtown Durham location. Within walking distance of the American Tobacco Campus, Durham Bulls Athletic Park, and the Durham Performing Arts Center (DPAC). Easy access to Durham Freeway and 15 minutes to RDU & RTP. Permits office, retail, and residential uses - exceptional flexibility.
Investment highlights
- First Floor - Suite 1: Leased through February 28th, 2029 with a 5-year renewal option at market rate
- Second Floor: Currently leased on a month to month basis. Can be leased as an office or preliminary city-approved short term Rental (STR) - approval is contingent on combined purchase with 112 E Main St
- 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
- 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 112 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
- May also be purchased with 116 E Main St
Listing Contacts
Listed by Elite Commercial Group
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