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    2624 Nc-55 Durham, NC 27713

    Sponsored
    For Sale
    $3,700,000

    High-traffic location, retail zoning, near RTP.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14-acre commercial land parcel presents a unique investment opportunity in Durham, North Carolina. Strategically located on NC-55, this property boasts approximately 1,100 feet of frontage, ensuring high visibility and accessibility. Its prime location offers convenient access to Downtown Durham, Research Triangle Park (RTP), and Raleigh-Durham International Airport (RDU), all within a 10-minute drive. The property is zoned CC, permitting a wide range of commercial uses, including retail establishments, restaurants, shopping centers, medical offices, automotive businesses, and convenience stores. This versatility allows for diverse development options, catering to a broad spectrum of potential tenants and maximizing return on investment. The significant lot size provides ample space for large-scale projects, while the high-traffic location guarantees substantial exposure. This property is ideal for developers seeking a prime location to build a thriving commercial venture, capitalizing on the robust economic growth and strategic location within the Research Triangle region. The asking price is $3,700,000. Don't miss this chance to acquire a highly desirable commercial land parcel in one of North Carolina's fastest-growing areas.

    Property Features for 2624 Nc-55

    General Information

    Property type
    Land
    Lot Size
    609,840 SF

    HighLights

    • 14‑acre commercial land parcel in Durham, NC.
    • Approximately 1,100 feet of frontage on NC‑55.
    • CC zoning allows for retail, restaurants, medical offices, and more.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.891028
    Latitude
    35.947623

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    FAQs

    What type of property is this?
    Land - High-traffic location, retail zoning, near RTP.
    Where is this land located?
    The property is located at 2624 Nc-55 Durham, NC.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: 14-acre commercial land parcel in Durham, NC.; Approximately 1,100 feet of frontage on NC-55.; CC zoning allows for retail, restaurants, medical offices, and more.
    Request Owner's contact information
    2624 Nc-55 Durham, NC 27713
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    Durham, NC 27713
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2624 Nc-55 Durham, NC 27713
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