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101-103 W Main St
Durham, NC 27701 City Center Durham

$950,000 - $1,450,000 USD

Office Condos For Sale  •  4,574+ SF

Property Details

  • Property Type Office
  • Total Building Size 49,000 SF
  • Lot Size 0.26 AC
  • Building Class B
  • Year Built 1930
  • Tenancy Multiple
  • Zoning DD-C
64 Transit Score
95 Walk Score

2 Units Available

Name Condo Use Size Price Details
Bsmt Floor - Unit 1 Office 4,574 SF $950,000 USD
  • Unit Size: 4,574 SF
  • Condo Use: Office
  • Price: $950,000 USD
  • Sale Type: Owner User
  • Price/SF: $207.70 USD
Description
2 Suites - 2,721 & 1,853 SF
Total SF: 4,574 SF
1,853 SF suite leased to the High Dive
Lease expiration date: 12-31-29
2,721 SF suite leased to Strike Martial Arts
10-year lease 
Sale price: $950,000
Cap rate: 9%

Mezz Floor - Unit 2 Office 7,306 SF $1,450,000 USD
  • Unit Size: 7,306 SF
  • Condo Use: Office
  • Price: $1,450,000 USD
  • Sale Type: Owner User
  • Price/SF: $198.47 USD
Description
7,306 Total SF 
Owner Occupied
Leased to American Underground
Lease expiration date: 12-31-26
Currently built out as mostly open office with cafe style entry and modern small phone rooms and huddle meeting rooms
Sale price: $1,450,000

Description

Two commercial condos totaling approximately 11,880 SF for sale. Prominently located on the corner of Main Street and Mangum Street. The building offers unbeatable walkability to numerous restaurants, shops, and parking decks. Owners have recently invested in a new roof and HVAC.

Highlights

Located in the historic Art Deco Kress Building in Downtown Durham
Parking available in the Church Street parking garage, on street parking, and a paved lot behind the building
Walkable to most of Downtown Durham, DPAC, American Tobacco Campus and the DBAP
Numerous dining options include The Hive, Bar Virgile, Luna Rotisserie and Empanadas, Mateo, and Bull McCabe’s Irish Pub
Easy access to the NC 147 (Durham Freeway), Duke University, and Duke University Medical Center

Property Flyers

Amenities

  • 24 Hour Access
  • Property Manager on Site

Public Transportation

Commuter RailDriveWalkDistance
2 min 8 min 0.4 mi
AirportDriveWalkDistance
Raleigh-Durham International 22 min - 14.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 18
Type: Surface
Included in Rent: Yes
Brian Farmer, SIOR 919-730-6584 Lee & Associates
Brian Farmer, SIOR 919-730-6584 Lee & Associates