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    2550 Durham-Chapel Hl Blvd Durham, NC 27707

    For Lease
    Contact for pricing

    ±1.8 Acres, High-Traffic Retail Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This ±1.8-acre commercial land parcel presents a compelling infill development opportunity in Durham, North Carolina. Strategically located at 2550 Durham-Chapel Hill Blvd, near the intersection of Durham-Chapel Hill Blvd and Midvale Street, this site boasts exceptional visibility and accessibility due to its high traffic counts. The property is zoned Commercial General (CG), offering developers considerable flexibility in project planning. Its location within a rapidly expanding area ensures strong demographic support and significant potential for future growth. The single-tenant zoning allows for a variety of development options, making it an attractive investment for those seeking to capitalize on Durham's thriving commercial market. The property's parcel number is 104618. This prime location offers developers a unique chance to create a successful commercial venture in a highly sought-after area of Durham, benefiting from the existing infrastructure and the city's continued economic expansion. The site's size and zoning provide ample opportunity for a variety of commercial uses, catering to the needs of the surrounding community and capitalizing on the high volume of traffic along Durham-Chapel Hill Boulevard. This is a rare opportunity to acquire a significant commercial land parcel in a dynamic and growing market.

    Property Features for 2550 Durham-Chapel Hl Blvd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • Prime retail infill opportunity in a vibrant area.
    • High daily traffic count of ±13,500 vehicles on a major thoroughfare.
    • ±1.8‑acre lot with CG zoning.
    • Strong demographics with high household incomes within a three‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.928379851517
    Latitude
    35.974501096282

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    FAQs

    What type of property is this?
    Land - ±1.8 Acres, High-Traffic Retail Site
    Where is this land located?
    The property is located at 2550 Durham-Chapel Hl Blvd Durham, NC.
    What are key features of this property?
    This property features: Prime retail infill opportunity in a vibrant area.; High daily traffic count of ±13,500 vehicles on a major thoroughfare.; ±1.8-acre lot with CG zoning.
    Request Owner's contact information
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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
    2550 Durham-Chapel Hl Blvd Durham, NC 27707
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