About This Home

This 0-bedroom, 0-bathroom commercial at 515 Dowd Street in Durham, NC is listed for $7,500,000 ($140 per sqft). Built in 1940, the home offers 53,438 sqft of living space on a 3.54 acres lot.

Key Features

  • Built in 1940
  • 3.54 acre lot
  • 120 parking spaces

Property Details

120 spaces
1940

Amenities

A/C
Listing Description

PRICE REDUCED! $7,500,000! Use your imagination! This is an exciting opportunity for visionary investors, developers, and entrepreneurs! This property offers approximately 3.54 acres of land just minutes from downtown Durham. The site currently includes 2 attached brick buildings (Finished Square Footage is 53,438 and within this 53,438 Square Footage approximately 29,287 Square Footage is presently used for religious/institutional purposes.

With its substantial land area, convenient location, and RU-5(2) residential zoning, this property presents an opportunity to explore a variety of residential redevelopment concepts. Potential development concepts may include: Single-family homes, Duplexes, Townhomes, Detached rowhouses, and Multiplex residential development.

Prospective purchasers should independently verify zoning, permitted uses, density, development standards, subdivision requirements, utilities, environmental conditions, access, and all other applicable requirements with the City of Durham and Durham City-County Planning Department. Development potential is subject to governmental approval and site-specific due diligence. YOU DO NOT WANT TO MISS OUT ON THIS OPPORTUNITY! MAKE AN OFFER!

Monthly Cost Estimate

$40,112/mo

20% down · 6.5% · 30 years

Principal$5,424
Interest$32,500
Insurance$2,188

Estimates only. Actual payments may vary.

Location

515 Dowd Street

Durham, NC 27701

Property Details

Construction

Brick

Heating

Forced Air

Cooling

Central AirElectric

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 515 Dowd Street is listed at $7,500,000 ($140/sqft). The estimated monthly payment is $40,112 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 3.54 acre lot, 120 parking spaces.

This property is listed by Jackie Moore.

JM

Jackie Moore

Agent at Moore's Realty Inc

Listed by Moore's Realty Inc · Broker phone: 919.835.0788

MLS# 10187664· Source: Doorify MLS· 69 days on PropertySimple

Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

515 Dowd Street, Durham, NC 27701

Open this listing in: