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Two-Story Office Building
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3621 Lyckan Parkway, Durham, NC 27707

Two-story, partial-shell office building with infrastructure in place for customized office or medical build-outs.

Property Size12,000 SF
Days on Market64

Property Features for 3621 Lyckan Parkway

General Information

Standard status Active
Size 12,000 SF
Total Parking Spaces 62
Property subtype Office
Zoning OI (Office and Institutional)
Investment Type Value Add

Building Details

Year Built 2004
Stories 2
Listing Agency: Avison Young - Raleigh Durham
Listed By: Kathy Gigac · License #NC 191602
Source: Crexi
Added: Jun 19 Changed: Aug 13 Last Checked: Aug 20 at 6:32AM

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 Avison Young - Raleigh Durham

Investment Insights

Based on property information with market context.

The property is a 12,000-square-foot, two-story office building offered in partial shell condition. Key infrastructure is already in place, giving an owner or tenant the ability to tailor the interior layout and finishes to their specific requirements rather than starting from a fully built-out configuration. The building is positioned to support a range of office and medical uses, with a layout described as suitable for medical conversion.

Located at 3621 Lyckan Parkway in Durham, North Carolina, the property is marketed with strong visibility and ample parking. The address and built-in building systems are intended to support a smoother path through interior completion for users focused on professional offices or healthcare practices.

This asset may fit owner-occupants and healthcare providers looking to convert and customize an existing two-story shell into a primary care or specialty medical environment, including dental offices, as well as professional service firms. It also aligns with technology companies and other office users that want ownership with the flexibility to complete improvements. For investors, the opportunity centers on completing the build-out and leasing office or medical space based on the existing infrastructure and the property’s office-to-medical conversion suitability.

Key Highlights

  • 12,000 SF, two‑story office building in Durham, North Carolina (Year built: 2004).
  • Offered in partial shell condition with key infrastructure already in place for interior build‑outs.
  • Interior can be customized for office or medical uses, including medical conversion suitability.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store HVAC Service Electrical Service Parking Lot & Garage Grocery & Convenience Store

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

1,300
Businesses Nearby

Demographics for 27707, NC

49,787
Population
23,528
Households
2.1
Avg Household Size
34
Median Age
57%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
2,405
Density / Sq Mi
$72,432
Median Household Income
$45,803
Median Earnings
$1,364
Median Rent
$371,500
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?
Office building - Two-story, partial-shell office building with infrastructure in place for customized office or medical build-outs.
Where is this office building located?
The property is located at 3621 Lyckan Parkway Durham, NC.
What are key features of this property?
This property features: 12,000 SF, two‑story office building in Durham, North Carolina (Year built: 2004).; Offered in partial shell condition with key infrastructure already in place for interior build‑outs.; Interior can be customized for office or medical uses, including medical conversion suitability.
More about this property
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