9 Madbury Road

Retail-Commercial for Lease
Catylist Listing ID: 30028065
Property Subtypes: Mixed Use, Street Retail, Other
Contiguous Space: 297 SF
Building Size (RSF): 297 SF
Gross Building Area: 32,230 SF
Gross Land Area: 0.35 Acres
Lease Rate: $20 PSF (Annual)
Base Monthly Rent: $495
Lease Types: NNN
Ceiling: 11 ft.
Usable Size (USF): 297 SF
Last Updated: 1/23/2018

Overview / Comments

1st floor retail space in the heart of Downtown Durham. This college town is the largest community on the seacoast for 9 months out of the year. This space was renovated in 2015 in a new building not even 5 years old. This space is within 5 min walking distance of over 2,000 off campus students and half of the on campus dormitories, which total is almost 10,000 students. Small spaces are difficult to find downtown Durham so this is one of the best spots available in the market.
If you need small office space that is easily accessible or retail space with extremely low monthly rent, look no further. Formerly a tech store which recently got its foothold in the market and within 1 year has already moved to a larger retail space in the building. This can be your story as well.
Wood-laminate flooring, 11 foot ceiling, Central Heating and Cooling System, Street Parking, and Heavy Traffic Count with daily count of 11,000 and pedestrian count.

Expand All Available Space

Suite: 103 297 SF $20 PSF (Annual) NNN
Level/Floor: 103
Space Available: 297 SF
Lease Rate: $20 PSF (Annual)
$495 (Monthly)
Lease Type: NNN
Space Subcategory: Mixed Use
Date Available: 1/1/2017
Space Type: New
Tax Expenses $17,133 PSF (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Taxing Authority: Durham
Tax ID/APN: 0004/0012/000
Zoning: CENTRAL BUSINESS
Retail Clientele: General, Business, Recreation
Property Located Between: Post Office and Madbury Commons
Property Visibility: Excellent
Largest Nearby Street: Rt. 108 (.4 miles)
Feet of Frontage: 200
Traffic/Vehicle Count: 11,000
Highway Access: Close Proximity to Route 4. (1 mile away) and Route 16 (5 miles away)
Airports: Pease Tradeport - 10 miles
Site Description: Corner Lot of two main roads in Downtown Durham, Madbury Road and Pettee Brook Lane (Both Feed on Main St. .1 miles away). Only .25 miles to heart of campus (Memorial Union Building) and New Business School.
Area Description: Located in Downtown of Durham, this 14,000 person community that exceeds 30,000 during the school year is excellent for Retail or Office Space. With Few Retail spaces in this same part of town, this would be excellent for a new business.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 9,000 SF
Year Built: 2012
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Vinyl Siding
Exterior Description: This site exterior is in Excellent condition for Retail Space/Office Space. [Site Large Oversized Commercial Windows. If you would like additional pictures of the exterior please contact agent.
Parking Type: Other
Parking Description: On Street Parking and 2 Municipal lots that border property or are across the street from property.
Passenger Elevators: 1
Sprinklers: Wet, Dry
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Internet Access: T1/T3
Interior Description: With Wood/Laminet Floors, high ceilings, and individual Heating and Cooling units this location is in Excellent condition for Retail Space. This space was recently updated to fit a tech service retail shop with extended electrical and internet needs. If you would like additional pictures of the interior please contact agent.
Zoning Description: Central Business (CB). See town Zoning Ordinance for additional information of permitted uses for this space.
Lot Frontage: 200
Lot Depth: Varied
Water Service: Municipal
Sewer Type: Municipal
Easements Description: There are No Easements on this site. See attached documents for more information.
Legal Description: This is a Warranty Deed and its Book and Page is 3878/204. If you have additional questions please call agent.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,945 20,682 52,254
Median Age: 21.35 29.12 34
Households: 693 5,540 19,176

Contact

Photograph of Listing Agent

David M. Garvey

KW Commercial NECPE Member
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