# 515 Dowd Street, Durham, NC 27701 > **TL;DR:** commercial, $7,500,000 ($140/sqft), built 1940, 53,438 sqft. > A/C. Est. $40,112/mo. Listed 71 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $7,500,000 | | Price/sqft | $140 | | Square Feet | 53,438 | | Year Built | 1940 | | Lot Size | 154,202 sqft (3.54 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 71 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $37,924 | | Estimated Insurance | $2,188 | | **Total** | **$40,112** | ## Key Amenities - A/C ## Property Highlights - Built in 1940 - 3.54 acre lot - 120 parking spaces ## Description ### Agent 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! ## Location - **Address:** 515 Dowd Street, Durham, NC 27701 - **County:** Durham - **Coordinates:** 36.001293, -78.888932 - **Google Maps:** https://www.google.com/maps?q=36.001293,-78.888932 ## Listing Agent - **Name:** Jackie Moore - **Brokerage:** Moore's Realty Inc - **Broker Phone:** 919.835.0788 ## Photos ![515 Dowd Street - Photo 1](http://lh.rdcpix.com/660165a3b540afcbe89d4d5539184d3cl-f2224051452r.jpg) ![515 Dowd Street - Photo 2](http://lh.rdcpix.com/660165a3b540afcbe89d4d5539184d3cl-f2231753493r.jpg) ![515 Dowd Street - Photo 3](http://lh.rdcpix.com/660165a3b540afcbe89d4d5539184d3cl-f1144239355r.jpg) ![515 Dowd Street - Photo 4](http://lh.rdcpix.com/660165a3b540afcbe89d4d5539184d3cl-f1720101171r.jpg) ![515 Dowd Street - Photo 5](http://lh.rdcpix.com/660165a3b540afcbe89d4d5539184d3cl-f4041886282r.jpg) ![515 Dowd Street - Photo 6](http://lh.rdcpix.com/660165a3b540afcbe89d4d5539184d3cl-f1007913971r.jpg) ![515 Dowd Street - Photo 7](http://lh.rdcpix.com/660165a3b540afcbe89d4d5539184d3cl-f2458786213r.jpg) --- **MLS#:** 10187664 | **Updated:** 2026-10-27 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/515-dowd-street-durham-nc-27701-57aa60316d854a3db0ee6423cacb6d83) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/515-dowd-street-durham-nc-27701-57aa60316d854a3db0ee6423cacb6d83#listing", "url": "https://www.propertysimple.ai/listing/515-dowd-street-durham-nc-27701-57aa60316d854a3db0ee6423cacb6d83", "name": "515 Dowd Street, Durham, NC 27701", "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. 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