506 N Mangum St - Apartments CONDO FOR SALE


Durham, NC 27701- Central Park
$289,000 USD
919-493-0395
506 N Mangum St, Durham, NC for Sale
$289,000 USD
Apartments CONDO - FOR SALE
1/16
null | Request Cap Rate

NEW


506 N Mangum St
Durham, NC 27701
Central Park


HIGHLIGHTS

  • Street-level commercial space with significant visibility within Downtown Durham.
  • Located along a high-traffic corridor with approximately 7,200 vehicles per day.
  • Highly walkable area with strong retail and amenity presence, including nearby apartments and government centers.
  • Flexible DD-S2 zoning supports various commercial uses within condominium guidelines.
  • Accessible location just 18 minutes from RDU Airport and 15 minutes to Research Triangle Park.

OVERVIEW

Located in the heart of vibrant Downtown Durham, this street-level retail or office condominium offers an exceptional ownership opportunity in a high-visibility corridor. The property spans 442 square feet and is strategically positioned in a bustling mixed-use environment surrounded by residential apartments, government offices, and cultural landmarks such as DPAC and the Durham County Courthouse. This turnkey space is ideal for professional services or boutique retail, offering minimal customization needs and convenient accessibility. The location boasts strong walkability and steady foot traffic, supported by nearby amenities and public parking options. Zoning (DD-S2) permits a range of commercial uses, adding flexibility for future operations. A low monthly HOA fee enhances operational efficiency, while the modern building, constructed in 2009, ensures a well-maintained setting. The property also benefits from its connectivity, being minutes from Research Triangle Park, RDU International Airport, Duke University, and major nodes like Chapel Hill and Raleigh. With consistent demographic growth and significant consumer spending patterns in the surrounding area, this asset provides a rare chance to secure a foothold in one of the Triangle’s most

FOR SALE DETAILS

PRICE

$289,000 USD

PRICE/SF

$654 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

31,605 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

DD-S2

APN/PARCEL ID

110428,211561,211562,211579

ASK ABOUT THIS PROPERTY

Anna JenkinsPickett Sprouse Commercial Real EstateMore Info
919-493-0395

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Anna JenkinsPickett Sprouse Commercial Real EstateMore Info
919-493-0395

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