812 N. Mangum St. – SOLD

(Sold At)
$610,000
Sold
1f1e1d

Property Details

0 0 0 Commercial, Investment

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

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.