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    1004 Nc-54 Durham, NC 27713

    Sponsored
    For Sale
    $1,600,000

    1.7-Acre Prime Commercial Site in Durham

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.7-acre commercial land parcel presents a unique investment opportunity in Durham County, North Carolina. Located at the highly visible corner of NC 54 Hwy E and Barbee Road, this property boasts a prime location with significant traffic flow. The site enjoys a strategic position at a signalized intersection, ensuring maximum exposure for any commercial or retail development. Data indicates approximately 16,500 vehicles pass this location daily (2021 figures). The property's zoning is currently designated RS-20 and RR, making it suitable for a variety of commercial uses. Future land use planning designates this area for Neighborhood Services, further enhancing its potential. The parcel's size and location make it ideal for businesses seeking high visibility and accessibility. With its strong demographics and proximity to new residential developments, this site offers exceptional growth potential. The Durham County tax parcel number is 152969. The asking price for this remarkable property is $1,600,000. This is a rare opportunity to acquire a strategically located commercial land parcel in a thriving Durham County market.

    Property Features for 1004 Nc-54

    General Information

    Property type
    Land
    Lot Size
    74,052 SF

    HighLights

    • 1.70‑acre parcel.
    • Corner lot at a signalized intersection.
    • Excellent for commercial or retail development.
    • High traffic count: 16,500 vehicles daily (2021).
    • Planned Neighborhood Services zoning.
    • Currently zoned RS‑20 and RR.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.917295450515
    Latitude
    35.905521570355

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    FAQs

    What type of property is this?
    Land - 1.7-Acre Prime Commercial Site in Durham
    Where is this land located?
    The property is located at 1004 Nc-54 Durham, NC.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 1.70-acre parcel.; Corner lot at a signalized intersection.; Excellent for commercial or retail development.
    (919) 576-2501
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    1004 Nc-54 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
    1004 Nc-54 Durham, NC 27713
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