Outstanding opportunity for income and growth
115 N. Duke St.
Durham, NC 27701
108-149122
$4,025,000.00
22000 sq ft
The Studebaker Building is an exciting mixed-use conversion of two historic buildings in the Brightleaf Square District of downtown Durham.Completely renovated in 2007, this 2-story building contains 22,000 square feet of loft-style office and retail space and features soaring ceiling heights, large windows and skylights, exposed brick and timbers, and a well-appointed courtyard for tenants’ use. The building combines the architectural features of the 1920's with today’s modern requirements: all new electrical and plumbing, high speed voice and data, fire sprinkler system and a passenger elevator. Other amenities include hardwood and concrete floors, exposed steel trusses, contemporary lighting, concrete countertops, custom cabinetry, and an interior mezzanine with custom spiral stair. A new 1,260 square-foot second-story deck offers superior views of the downtown neighborhoodInternationally-renowned advertising agency, Ogilvy&Mather, presently occupies 80% of the property. Ogilvy’s outstanding interior upfit greatly enhances the value of the property.Dedicated parking for tenants of the Studebaker Building is offered in a newly configured parking lot just one block from the property.Please email for complete income and expense information.