501 N Mangum St, Durham, NC 27701

Property Description

EXCEPTIONAL INVESTMENT & REDEVELOPMENT OPPORTUNITY IN THE HEART OF DOWNTOWN DURHAM! Formerly home to Public Hardware, this property features an 8,000 sqft commercial building with an additional 4,000 sqft basement offering convenient access through walk-in and roll-up doors. Fenced lot with on-site parking adds versatility for a variety of potential uses. INCREDIBLE REDEVELOPMENT POTENTIAL! The property was previously approved by the City of Durham for a 15-story development featuring 4 levels of parking, over 200 multifamily residential units, and associated amenities and infrastructure, totaling over 350,000 sqft! Previous development plans remain on file with the Durham Planning Department under Case #A-D2300216 (501 N Mangum Street). Buyer to verify current approval status and development requirements with the City of Durham. PRIME downtown location within walking distance of restaurants, shopping, entertainment, and more! A RARE OPPORTUNITY to capitalize on the continued growth and revitalization of Downtown Durham!