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514-520 N Mangum St - Redevelopment Opportunity

0.95 Acres of Commercial Land Offered at £4,102,800 in Durham, NC 27701

Investment Highlights

  • 0.95 Acre Rectangular-Shaped Site
  • Zoned: DD S-2
  • **SHOWN BY APPOINTMENT ONLY**
  • Attractive Downtown Durham Location
  • Additional Street Parking Available

Attachments

6 Property Flyer

Property Facts

Price £4,102,800
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.95 AC

1 Lot Available

Lot

Price £4,102,800
Price Per AC £4,318,737
Lot Size 0.95 AC

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).

Description

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.

Walk Score ®
Walker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code DD S-2
DD S-2
  • Listing ID: 30875574

  • Date on Market: 05/02/2024

  • Last Updated:

  • Address: 514-520 N Mangum St, Durham, NC 27701

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