Luxury Mixed-Use Development Near
For Lease
$25 SF/Yr
2812 & 2816 Erwin Rd, Durham, NC 27705
Class A mixed-use development near Duke University and hospitals.
Property Size118,000 SF
Days on Market309
Property Features for 2812 & 2816 Erwin Rd
General Information
Standard status
Active
Size
118,000 SF
Property subtype
Office
Listing Agency:
(919) 817-0705
Listed By:
Karah Jennings McConnell
(919) 817-0705
Source:
Lee-associates
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Jul 30 at 5:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Karah Jennings McConnell
Investment Insights
Based on property information with market context.
This Class A mixed-use development is located at the intersection of Erwin Road and S. LaSalle Street. Erwin Terrace consists of two buildings totaling over 118,000 square feet, featuring luxury apartments, offices, and street and ground-level retail spaces. Specifically, Suite 206 in Erwin Terrace II offers approximately 2,550 square feet of office space. The property is conveniently located within walking distance of Duke University Hospital, Duke University, Durham VA Hospital, and Lenox Baker Children’s Hospital. It also provides easy access to US 15-501 and NC 147/Durham Freeway. The property adjoins a 141-key AC Hotel by Marriott and features beautiful outdoor space, along with ample surface and structured parking. The daytime population within a 1-mile radius exceeds 36,000. Traffic counts on Erwin Road reach 14,500 vehicles per day (NC DOT 2021).
Key Highlights
- Walking distance to Duke University Hospital, Duke University, Durham VA Hospital, and Lenox Baker Children’s Hospital
- Class A mixed‑use development with luxury apartments, offices, and retail
- Convenient to US 15‑501 and NC 147/Durham Freeway
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,561
Businesses Nearby
Explore this area
Business Placement
Demographics for 27705, NC
50,472
Population
24,108
Households
2.1
Avg Household Size
34
Median Age
62%
College-Educated
91%
High-School Grad
42.1 sq mi
ZIP Area
1,199
Density / Sq Mi
$71,153
Median Household Income
$43,138
Median Earnings
$1,422
Median Rent
$398,500
Median Home Value
Market
Lease Benchmarks for Durham, NC
$46.79 /SF/Yr
Avg Asking Price
$4.63–$252 /SF/Yr
Price Range
16,541 SF
Avg Space Size
This space is priced 47% below the average of $46.79 /SF/Yr.
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Class A mixed-use development near Duke University and hospitals.
Where is this office units located?
The property is located at 2812 & 2816 Erwin Rd Durham, NC.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Walking distance to Duke University Hospital, Duke University, Durham VA Hospital, and Lenox Baker Children’s Hospital; Class A mixed‑use development with luxury apartments, offices, and retail; Convenient to US 15‑501 and NC 147/Durham Freeway
