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515 Dowd St , Durham, NC 27701

$7,500,000

53,438
sqft
1940
year built

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!

Highlights

  • Commercial Sale
  • Mixed Use
  • Built in 1940
  • 3.54 Acre Lot
  • 86 days on Market

  • Year Built
    1940
  • Construction Materials
    Brick
  • Living Area
    53438.0
  • Interior Features
    High Speed Internet
  • Cooling
    Central Air, Electric
  • Heating
    Forced Air

  • Acres
    3.54
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 515 Dowd St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 515 Dowd St.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 515 Dowd St?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $7,500,000. We can talk through recent upgrades, potential seller motivation, how this mixed use compares to others in Durham, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 515 Dowd St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 515 Dowd St at around $44,482. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 515 Dowd St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Durham County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 515 Dowd St?

In most cases, yes. Whether 515 Dowd St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Durham's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 515 Dowd St?

We can handle that for you. Our preferred local agent specializes in commercial sales in Durham and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $7,500,000 with 53,438 sqft of space—that comes out to approximately $140 per square foot.

How long has this property been on the market?

515 Dowd St was listed on August 20, 2026, which means it's been on the market for 86 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1940, making it approximately 86 years old.

What is the lot size of this property?

515 Dowd St sits on a 3.54-acre lot, which is 154,202 square feet.

What are the property taxes for 515 Dowd St?

The most recent public record shows annual property taxes for 515 Dowd St were approximately $21,620. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 515 Dowd St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Triangle MLS. All rights reserved.

Last Updated: November 14, 2026 at 04:26PM | Source: Triangle MLS | MLS#: 10187664