602 N Mangum Street, Durham, NC for sale

Investment Overview

Land for sale in downtown Durham in the Old Five Points neighborhood. The property is located within a short walk of the Durham Bulls Athletic Park, American Tobacco Campus, Durham Performing Arts Center, the Carolina Theatre, and Durham Central Park.

Investment Highlights

• Three parcels totaling 1.04 acres with frontage on North Mangum Street and Cleveland Street.
• Located within a short walk of the Durham Bulls Athletic Park, American Tobacco Campus, Durham Performing Arts Center, the Carolina Theatre, and Durham Central Park.
• 6,528 SF fully-conditioned building with parking on site. Built in 1970; roof replaced in last 10 years old. Current land use for 602 & 606 N Mangum is commercial, retail services, and parking lots surface.
• North Mangum Street is a two-lane, one-way southbound road that connects to the Durham Freeway (NC 147).
• Several new mid-rise apartments, townhomes, and condo developments in the neighborhood.
• Permitted uses in DD-S2 include multifamily, condominium, townhome, office, medical office, retail and restaurant with building height up to 35’ or 50’ with a special use permit. RS-M permits multifamily.