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    3616 Witherspoon Blvd Durham, NC 27707

    Sponsored
    For Lease
    $26 SF/Yr

    Durham Retail Space Available Now

    Lot size:
    160,942 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Patterson Place, a thriving power center in Durham, NC, offers a prime retail opportunity. This 160,942 square foot property boasts ample onsite parking and is strategically located at 3616 Witherspoon Blvd, Durham, NC 27707. Currently, there is one vacant suite totaling 1,378 square feet available for lease. The center enjoys a strong tenant mix, anchored by well-established national brands including Boot Barn, Designer Shoe Warehouse, PetSmart, Total Wine, Home Depot, and Kohl's, ensuring high foot traffic and visibility. This location benefits from its proximity to a diverse mix of office, medical, and residential developments, creating a robust customer base. The property's power center format provides excellent accessibility and convenient parking for shoppers. The available space presents a unique chance to establish or expand a retail business in a high-demand area of Durham County. This is an exceptional opportunity to capitalize on the established success of this premier retail destination. The property's location and strong anchor tenants make it an attractive investment for businesses seeking high visibility and a thriving customer base. The available space is ready for immediate occupancy.

    Property Features for 3616 Witherspoon Blvd

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    160,942 SF
    Total Rate
    348707.67

    Unit(s) available at that property

    Space
    Suite 5
    Size
    1,378 SF
    Rate per SF
    $26

    HighLights

    • 160,942 SF retail center, just off I‑40/US‑15‑501.
    • Excellent location near Duke University, UNC‑Chapel Hill, and Research Triangle Park (RTP).
    • Anchored by national retailers including Bed Bath & Beyond, Designer Shoe Warehouse, PetSmart, Total Wine, Home Depot, and Kohl's.
    • Surrounded by office, medical, and residential developments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sherwin-Williams Paint Store Paint Store KeyMe Locksmiths Key Duplication Service Patterson Place Shopping Mall Spirit Halloween Costume Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -78.990353
    Latitude
    35.94945

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    FAQs

    What type of property is this?
    Power center - Durham Retail Space Available Now
    Where is this power center located?
    The property is located at 3616 Witherspoon Blvd Durham, NC.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 160,942 SF retail center, just off I-40/US-15-501.; Excellent location near Duke University, UNC-Chapel Hill, and Research Triangle Park (RTP).; Anchored by national retailers including Bed Bath & Beyond, Designer Shoe Warehouse, PetSmart, Total Wine, Home Depot, and Kohl's.
    Request Owner's contact information
    3616 Witherspoon Blvd Durham, NC 27707
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    Durham, NC 27707
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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
    3616 Witherspoon Blvd Durham, NC 27707
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