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Durham Mixed-Use Asset Near Duke
For Sale
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Pending

2816 Erwin Rd, Durham, NC 27705

Mixed-use asset near Duke University with multifamily, retail, office.

Property Size105,055 SF
Days on Market325

Property Features for 2816 Erwin Rd

General Information

Standard status Pending
Size 105,055 SF
Property subtype Mixed Use, Multifamily, Office, Retail
Occupancy 91%
Lease Type NNN
Investment Type Value Add

Building Details

Year Built 2003
Buildings 2
Stories 4
Units 25
Listing Agency: JLL - Charlotte, North Carolina
Listed By: Andrew Jomantas · License #314050
Source: Crexi
Added: Oct 10, 2025 Changed: Aug 8 Last Checked: Aug 28 at 9:17AM

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 JLL - Charlotte, North Carolina

Investment Insights

Based on property information with market context.

The property is a mixed-use asset located in Durham, North Carolina, adjacent to Duke University and Duke University Hospital. The property includes 25 multifamily units, 26,584 square feet of retail space, and 39,296 square feet of office space. The office space is primarily occupied by Duke University. The multifamily and retail spaces are 100% leased, and the office space is 76% leased. The property is 105,055 square feet.

Key Highlights

  • Irreplaceable location adjacent to Duke University and Duke University Hospital
  • Mixed‑use asset with multifamily, retail, and office space
  • High occupancy rates: 100% leased for multifamily and retail, 76% for office

Property Analytics

Current Use

Heavenly Buffaloes Restaurant Erwin Terrace Apartment Building Pho & Poke House Restaurant Community Pharmacy Pharmacy Edward Jones - Financial ... Financial Advisor

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Locksmith Electrical Service Kitchen & Bath Showroom Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,133
Businesses Nearby

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

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use asset near Duke University with multifamily, retail, office.
Where is this mixed-use property located?
The property is located at 2816 Erwin Rd Durham, NC.
What are key features of this property?
This property features: Irreplaceable location adjacent to Duke University and Duke University Hospital; Mixed‑use asset with multifamily, retail, and office space; High occupancy rates: 100% leased for multifamily and retail, 76% for office
More about this property
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