812 N. Mangum St., Durham, North Carolina 27701

$650,000
812 N. Mangum St. – UNDER CONTRACT
812 N. Mangum St. – UNDER CONTRACT
812 N. Mangum St. – UNDER CONTRACT
812 N. Mangum St. – UNDER CONTRACT
812 N. Mangum St. – UNDER CONTRACT
812 N. Mangum St. – UNDER CONTRACT

Property Details

Beds0 Baths0 Garage0 Lot Size0.23 acres
Year1955 Bldg Size3,548 sq. ft

Agent Details

Derek Mangum
Office: (919) 682-0501 ext. 3
Direct: (919) 819-9223

Property Description

This well maintained building fronts North Mangum Street just minutes to Downtown Durham and the Central Park District. Located in the burgeoning Little Five Points District, once a thriving gateway into the City, the area is becoming once again a marquee commercial and residential hotspot. Parking is on-site in addition to the rear lot that conveys with the sale. Redevelopment potential is present or could easily translate to income producing for the investor and/or user. A modern designed residential development directly across the street will open their next phase starting in the $700's in 2018.

The all brick slab on grade building was built in 1955 with a 70's addition. It has 3,548 SF and is metered for 2 tenants with Suite A currently vacant. Suite B's tenant is on a month to month lease. Interior features include 10’+ ceilings, updated 3-phase and 220 amp service, new HVAC units, a 2015 roof and restroom in each of the two suites. Commercial General (CG) and Light Industrial (IL) zoning allow for a variety of commercial, retail, and/or office uses.

Property Type Commercial, Investment

Property Status: For Sale, Pending

Property Features

Location

812 N. Mangum St., Durham, North Carolina 27701

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