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Industrial Land with Warehouse Concept

602 N HOOVER RD, Durham, NC 27703

For Sale
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The site is zoned IL, with a proposed change to CH, and supports industrial development concepts.

Property SizeContact for details
Days on Market4

Property Features for 602 N HOOVER RD

General Information

Standard status Active
Property subtype Land
Listing Agency: Colony Commercial
Listed By: Cam Cass · License #347758
Source: Crexi
Added: Nov 6 Changed: Nov 8 Last Checked: Nov 8 at 5:29PM

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 Colony Commercial

Rey
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Investment Insights

Based on property information with market context.

This 13.13-acre assemblage of industrial land in Durham has current IL (Light Industrial) zoning and a proposed rezoning to Commercial Heavy (CH). A conceptual plan depicts an approximately 126,000-square-foot rear-load warehouse and a 120-foot truck court. An alternate layout illustrates approximately 200 trailer stalls alongside a 10,000-square-foot building. Industrial outdoor storage, truck and trailer parking, and contractor yard use are also identified for the property.

The site is 0.6 miles from I-885 and 1.4 miles from I-85.

Key Highlights

  • 13.13 contiguous acres of industrial land
  • Current IL zoning; proposed rezoning to Commercial Heavy (CH)
  • Concept plan shows an approximately 126,000‑square‑foot rear‑load warehouse with a 120‑foot truck court

Property Analytics

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Open Analytics

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Building Supply Big Box & Wholesale 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

227
Businesses Nearby

Demographics for 27703, NC

61,539
Population
27,122
Households
2.3
Avg Household Size
36
Median Age
45%
College-Educated
88%
High-School Grad
49.1 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,953
Median Household Income
$51,462
Median Earnings
$1,469
Median Rent
$340,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Industrial land - The site is zoned IL, with a proposed change to CH, and supports industrial development concepts.
Where is this industrial land located?
The property is located at 602 N HOOVER RD Durham, NC.
What are key features of this property?
This property features: 13.13 contiguous acres of industrial land; Current IL zoning; proposed rezoning to Commercial Heavy (CH); Concept plan shows an approximately 126,000‑square‑foot rear‑load warehouse with a 120‑foot truck court
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