2020 W. Main Street

2020 W. Main Street, Durham, NC 27705

  • For Sale $4,000,000
  • Property Type Office - General Office
  • Property Size 16,747 SF
  • Units 3
  • Lot Size 1.11 Acre
  • Building Class B
  • Year Built 1920
  • Year Renovated 1983
  • Date Updated Apr 23, 2024
n/aSVN | Real Estate Associates is pleased to present for sale this rare opportunity to purchase a free-standing, multi-tenant office building adjacent to the 9th Street district in central Durham, with Duke University being the largest tenant. This property is located less than 1,000 ft. from Duke's East Campus and is surrounded by some of Durham's most popular retail and dining amenities. This is an excellent investor-opportunity, or well-suited for an owner-occupant who could immediately occupy ±3,300 SF and enjoy rental income from other tenants. With a lot size of ±1.114 acres, the property also has strong redevelopment potential when leases expire as land sales in the immediate area have exceeded $5M per acre.

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Attachments

Highlights

  • 49 on-site parking spaces.
  • One-of-a-kind urban infill location, adjacent to Erwin Square mixed use development, including office, Harris Teeter, Panera and many others.
  • Walking distance to Duke's campus and many restaurants, bars, and retail amenities.
  • Duke, a tenant since 2007, provides stability of income.
  • Compact Design zoning allows for a variety of uses, including office and/or retail.
  • Future covered land play. Great redevelopment potential when leases expire.
  • The property has been designated a historic property, meaning it benefits from 50% property tax deferment. A new owner must reapply or pay deferred taxes.

Contacts

broker

Seth Jernigan, CCIM

SVN | Real Estate Associates (Durham)

(919) 287-2121

Location

Getting Around

  • Walk Score ®

    89/100 Very Walkable
  • Transit Score ®

    53/100 Good Transit
  • Bike Score ®

    89/100 Very Bikeable
Powered by Walk Score ®
  • City Durham, NC
  • Neighborhood Old West Durham
  • Zip Code 27705
  • Market Raleigh Durham

Points of Interest

  • Durham

    1.14 miles

  • West Durham BP #450

    0.08 miles

  • BP

    0.29 miles

  • Gazelle

    0.79 miles

  • Shell

    0.80 miles

  • Family Fare

    0.81 miles

  • Mobil

    0.90 miles

  • Northgate Express

    0.97 miles

  • Wades Texaco

    1.07 miles

  • BP

    1.08 miles

  • Exxon

    1.12 miles

  • Randolph Parking Lot

    0.34 miles

  • Bivins Parking Lot

    0.36 miles

  • Gilbert-Addoms Lot

    0.41 miles

  • Branson Hall Parking

    0.41 miles

  • Pegram Parking Lot

    0.42 miles

  • H Lot

    0.44 miles

  • Biddle Music Parking Lot

    0.46 miles

  • Wilson House/Red Zone

    0.51 miles

  • Graduate Center Lot

    0.53 miles

  • Brown Parking Lot

    0.53 miles

  • Hilton Garden Inn Durham/University Medical Center

    0.07 miles

  • Residence Inn Durham McPherson/Duke University Medical Center Area

    0.73 miles

  • The University Inn

    0.75 miles

  • CAMBRiA hotel & suites Durham - Duke University Medical Center Area

    0.78 miles

  • Duke Tower

    1.05 miles

  • R. David Thomas Executive Conference Center

    1.11 miles

  • Morehead Manor Bed & Breakfast

    1.22 miles

  • Whetstone Apartments

    1.22 miles

  • Greystone Inn and Conference Center

    1.23 miles

  • Hampton Inn & Suites North I 85

    1.23 miles

  • Alpaca

    0.07 miles

  • Breugger's Bagel

    0.07 miles

  • Subway

    0.08 miles

  • Cosmic Cantina

    0.09 miles

  • Blue Corn Cafe

    0.12 miles

  • Del Rancho Mexican Grill

    0.13 miles

  • Vine Sushi & Thai

    0.13 miles

  • International Delights

    0.16 miles

  • Devil's Pizzeria

    0.16 miles

  • Parizade

    0.16 miles

  • Grey Stone Christian Learning Center

    0.37 miles

  • E.K. Powe Elementary School

    0.41 miles

  • Duke University

    0.66 miles

  • School of Nursing

    0.68 miles

  • George Watts Elementary School

    0.73 miles

  • Indigo Montessori

    0.77 miles

  • Immaculata Catholic School

    0.83 miles

  • Royall Center

    0.86 miles

  • North Carolina School of Science and Math

    0.91 miles

  • Durham School of the Arts

    0.93 miles

  • New Beginning II

    1.24 miles

  • Lakewood Avenue Children's School

    1.43 miles

  • Sunshine Smiles

    2.09 miles

  • United For Christ Church Day Care Center

    2.94 miles

  • Southpoint Children's Campus

    7.81 miles

  • The Learning Experience

    7.83 miles

  • Children's Campus of Chapel Hill

    8.14 miles

  • Cely's House

    8.28 miles

  • The Learning Experience

    8.62 miles

  • The Goddard School

    9.78 miles

Frequently Asked Questions

What is the lease rate for 2020 W. Main Street?

Rental asking rate at 2020 W. Main Street is $2,000,000.00/YR.

What is the total square footage of 2020 W. Main Street?

2020 W. Main Street totals 16,747 square feet.

When was this property built?

2020 W. Main Street was built in 1920.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Seth Jernigan, CCIM

SVN | Real Estate Associates (Durham)

(919) 287-2121