Erwin Road Mixed-Use Retail
For Lease
$25 SF/Yr
2812 & 2816 Erwin Rd, Durham, NC 27705
Class A retail space in mixed-use development near Duke University.
Space Size1,696 SF
Property Size118,000 SF
Days on Market376
Property Features for 2812 & 2816 Erwin Rd
General Information
Standard status
Active
Size
1,696 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
118,000 SF
Spaces For Lease
at 2812 & 2816 Erwin Rd
2816 Erwin Road - Suite 203
$25/SF/Yr
Size
1,696 SF
Type
Street Retail
Term
Negotiable
Listing Agency:
Lee & Associates - Raleigh Durham
Listed By:
Christina Coffey · License #194187
(919) 522-9915
Source:
Lee-associates
Added: Sep 25, 2025
Changed: Oct 4
Last Checked: Oct 5 at 5:10PM
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 Lee & Associates - Raleigh Durham
Investment Insights
Based on property information with market context.
Located at the intersection of Erwin Road and S. LaSalle Street, this Class A mixed-use development, Erwin Terrace, comprises two buildings totaling over 118,000 square feet. The available space, Suite 201, offers approximately 1,716 square feet. 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 outdoor space, as well as surface and structured parking. The daytime population within a 1-mile radius exceeds 36,000. Traffic counts on Erwin Road reach 13,000 vehicles per day (NC DOT 2023).
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
- Ample surface and structured parking
Property Analytics
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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
40k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
BP
Shops & Services
10,385 visits/mo
0.2 miles
Shell
Shops & Services
5,869 visits/mo
0.4 miles
Noodles & Company
Dining
4,936 visits/mo
0.1 miles
Exxon
Shops & Services
4,634 visits/mo
0.2 miles
Dunkin' Donuts
Dining
3,981 visits/mo
0.1 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Durham, NC
$25.4 /SF/Yr
Avg Asking Price
$23.11–$27.5 /SF/Yr
Price Range
12,342 SF
Avg Space Size
This space is priced 2% below the average of $25.4 /SF/Yr.
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Class A retail space in mixed-use development near Duke University.
Where is this retail space 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; Ample surface and structured parking
