514 N Mangum St - Churches FOR SALE


Durham, NC 27701
$5,200,000 USD
919-493-0395
514 N Mangum St, Durham, NC for Sale
$5,200,000 USD
Churches - FOR SALE
1/13
null | Request Cap Rate

514 N Mangum St
Durham, NC 27701


HIGHLIGHTS

  • Attractive Downtown Durham Location
  • Zoned: DD S-2
  • 514-518 Lots have 20 Parking Spaces On Three Sides
  • Additional Street Parking Available

OVERVIEW

REDEVELOPMENT OPPORTUNITY IN THE HEART OF THE BULL CITY 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.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

C2

APN/PARCEL ID

110424,110425,110426

ASK ABOUT THIS PROPERTY

Jerry GambillPickett Sprouse Commercial Real EstateMore Info
919-493-0395

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

Jerry GambillPickett Sprouse Commercial Real EstateMore Info
919-493-0395

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