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$8,000,000 Just Listed
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Property Description
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!
Full Property Details
Full Property Details for 515 Dowd St
General
- Price: $8,000,000
- Taxes: $21,619
- Status: Active
- Type: Commercial
- Source: 2218
- MLS ID: 10187664
- Updated: Today (8/20/2026)
- Added to Site: Today
Location
- County: Durham
- Driving Directions: Turn right onto Fayetteville St., Continue on N Elizabeth St., Turn right onto Dowd St.,
- City Limits: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 2
- Exterior Const.: Brick
- Building Size: 53438
- Square Feet: 53,438
- Year Built: 1940
- Other Struct. Feat.: High Speed Internet
Lot Features
- Lot Size (Acres): 3.54
- Lot Size (Sq. Ft.): 154,202.4
- Lot Dimensions: 154202
- Street/Road Desc.: Concrete
- Fence: Yes
- Fencing (Description): Chain Link
Financial Considerations
- Price Per Acre: $2,259,887.01
- Tax Amount: $21,619.96
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 110724
Listed by Moore's Realty, Inc., Jackie Moore (919) 931-1116
Get Pre-Approved Today
Schools
Schools serving 515 Dowd St
School District:Durham Public Schools
| Name | Grades | Distance |
|---|---|---|
Eastway Elementary 610 North Alston Avenue, Durham, NC 27701 | PK-5 | 0.8 mi |
Brogden Middle 1001 Leon Street, Durham, NC 27704 | 6-8 | 2 mi |
Riverside High School, Durham, NC 3218 Rose of Sharon Road, Durham, NC 27712 | 9-12 | 5.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 515 Dowd St
Date
Details
Price
Change
Source
8/20/2026
Listed
$8,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 515 Dowd St
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$2,180,970
-28%
2023
100%
$3,017,255
—
2022
100%
$3,017,255
—
2021
-100%
$3,017,255
—
2020
$37,532
—
$3,017,255
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 515 Dowd St
515 Dowd Street, Durham, NC 27701 (MLS# 10187664) is a Commercial property. 515 Dowd Street is currently listed for $8,000,000 and was received on August 20, 2026. Want to learn more about 515 Dowd Street? Do you have questions about finding other Commercial real estate for sale in Durham? You can browse all Durham real estate or contact a Coldwell Banker agent to request more information.

