401 E Chapel Hill St - Storefront Retail/Office FOR SALE


Durham, NC 27701
$2,400,000 USD
919-949-5672
401 E Chapel Hill St, Durham, NC for Sale
$2,400,000 USD
Storefront Retail/Office - FOR SALE
1/25
null | Request Cap Rate

401 E Chapel Hill St
Durham, NC 27701


HIGHLIGHTS

  • Fully renovated historic building with highly visible corner location
  • Leased street level space to long standing restaurant, Rue Cler
  • Located in the City Center District, just minutes from Duke University/Hospital, NCCU, and RTP
  • Turnkey second floor office space with mix of open area and private offices
  • Separate entrances/street addresses and dedicated HVAC systems/controls for each floor
  • Potential to convert the second floor into lucrative residential use and capitalize on substantial historic building tax credits

OVERVIEW

SVN | Real Estate Associates, as exclusive listing agent, is pleased to offer for sale 401 E. Chapel Hill Street in downtown Durham, NC. This approximately 6,170 SF, mixed-use building has a beautiful corner presence at the intersection of Rigsbee Ave in one of downtown’s main hubs of food, beverage, and entertainment. The street level space is leased to the long-established French restaurant, Rue Cler, a tenant since 2013. 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.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$389 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Historic Downtown Durham Retail & Office Bldg

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

DD-C

APN/PARCEL ID

102974

ASK ABOUT THIS PROPERTY

Carey GreeneSVN | Real Estate AssociatesMore Info
919-949-5672

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Carey GreeneSVN | Real Estate AssociatesMore Info
919-949-5672

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.