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    2816 Erwin Rd Durham, NC 27705

    Sponsored
    For Lease
    $24 SF/Yr

    Durham, NC Corner Retail Space Available

    Lot size:
    118,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A retail property, Erwin Terrace I, presents a prime opportunity for discerning businesses seeking a high-visibility location in Durham, North Carolina. Situated at 2816 Erwin Rd, this corner space offers 1,716 square feet of immediately available space within a larger 118,000 square foot complex. The property boasts a desirable multiple tenancy arrangement, ensuring a vibrant and diverse commercial environment. The building itself is one of two on the site, providing ample space and potential for expansion or synergy with neighboring businesses. Ample parking is available for both tenants and customers, encompassing both surface and structured options, ensuring convenient access for all. Located in Durham County, zip code 27705, this property benefits from excellent visibility and accessibility, making it an ideal location for a variety of retail ventures. The property's classification as a Class A building signifies its high-quality construction, modern amenities, and desirable location within the thriving Durham market. This is a rare opportunity to secure a prominent retail space in a highly sought-after area. The 1,716 square foot space is ready for immediate occupancy. Contact us today to learn more about this exceptional retail opportunity.

    Property Features for 2816 Erwin Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    118,000 SF
    Class
    A
    Total Rate
    236000

    Building Details

    Buildings
    2

    Unit(s) available at that property

    Space
    Suite 201
    Size
    1,716 SF
    Rate per SF
    $24

    HighLights

    • Class A mixed‑use development at Erwin Rd and S. Lasalle St intersection.
    • 118,000+ SF complex with luxury apartments, offices, and street‑level retail; 1,716 SF retail space immediately available.
    • Walking distance to Duke University Hospital, Duke University, Durham VA Hospital, and Lenox Baker Children's Hospital.
    • Convenient access to US 15‑501 and NC 147/Durham Freeway.
    • Adjacent to a 141‑key AC Hotel by Marriott.
    • Ample surface and structured parking.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9479041
    Latitude
    36.0066491

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    FAQs

    What type of property is this?
    Retail property - Durham, NC Corner Retail Space Available
    Where is this retail property located?
    The property is located at 2816 Erwin Rd Durham, NC.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Class A mixed-use development at Erwin Rd and S. Lasalle St intersection.; 118,000+ SF complex with luxury apartments, offices, and street-level retail; 1,716 SF retail space immediately available.; Walking distance to Duke University Hospital, Duke University, Durham VA Hospital, and Lenox Baker Children's Hospital.
    Request Owner's contact information
    2816 Erwin Rd Durham, NC 27705
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    Durham, NC 27705
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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
    2816 Erwin Rd Durham, NC 27705
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