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112 E MAIN ST
DURHAM, NC 27701-3602
Asking Price
$830K
Asset Type
Convenience Store Retail
Class
Class B
What's Special
Investment Opportunity in Downtown Durham <p>First Floor – Suite 1: Leased through April 30, 2029 with a 5-year renewal option at market rate </p><p>Second Floor: Available for office leasing or preliminary city approved short term Rental (STR) — approval is contingent on combined purchase with 114 E Main St </p><p>Unfinished basement with exterior access — ideal for storage or future build-out </p><p>Historic charm with modern upgrades </p><p>Zoning: DD-C (Downtown Design – Core) </p><p>Land Use: Commercial General Land Use Code: COM/D
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NOI
$80,000
Cap Rate
9.64%
DSCR
1.62
Strong
Cash-on-Cash
12.34%
Monthly Payment
$4,106.387
Annual Cash Flow
$30,723.354
