921 Midway Avenue,Durham, NC 27703
Durham, NC 27703
Description
Rare opportunity to own a retail building in one of the country's hottest markets for under $1,000,000. Two of the three suites are occupied, making it perfect for an investor with upside, or an owner-occupant who wants to use one unit and have two streams of rental income from the other. Two units are automotive shop bays and one unit is a music studio New roof in 2025 9'x9' drive-in door in each unit Private bathroom in each unit Dedicated office space in each unit 70% Leased, NNN Income Stability. Occupied by two tenants on NNN leases, providing predictable, low-management cash flow with tenants covering taxes, insurance, and CAM expenses. Flexible CG Zoning: Commercial General (CG) under Durham's UDO,.
Details
| MLS # | 10187230 |
|---|---|
| Listing Type | For Lease |
| Style | Retail |
| Status | Active |
| Year | 1989 |
| Days On Site | 60 |
| Listing Provided By | CityPlat | Graham Storey |
Features
| SQ Feet | 3,895 |
|---|---|
| Zoning | GC |
| Acreage | 0.41 |
Exterior
| Construction Materials | Block |
|---|
Taxes
| Tax Assessed Value | 259858 |
|---|---|
| Tax Legal Description | Prop-Rigsbee Rowena/Blk:B /Prop-West E E/Lt#04 Dba Pl:000032-000188 |
| Tax Year | 2026 |
Area Information
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27703 |
| Area | Durham |
| Listing VS Median (in 27703) | |
Price: $875,000 low | high Med: $388,995 sqft: 3,895 low | high Med: 1,898 $ / sqft: $225 low | high Med: $205 On site: 60 low | high Med: 96.5 | |
Market Activity 27703
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Learn More About This Property
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27703 |
| Area | Durham |
| Listing VS Median (in 27703) | |
Price: $875,000 low | high Med: $388,995 sqft: 3,895 low | high Med: 1,898 $ / sqft: $225 low | high Med: $205 On site: 60 low | high Med: 96.5 | |