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    Slater Rd At Parliament Ct Durham, NC 27703

    For Sale
    Contact for pricing

    1.92 Acres, Prime Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.92-acre commercial land parcel is situated within the prestigious Imperial Center Business Park in Durham, North Carolina. Zoned IL, this property offers unparalleled potential for diverse development opportunities, including retail, office, or hotel projects. Strategically located near the intersection of Slater Road and Parliament Court, it enjoys convenient access to major transportation arteries, I-40 and I-540. Priced competitively at $11 per square foot, this site presents a compelling investment opportunity. The land boasts ample parking with 359 spaces available. Utilities are readily accessible, with city water provided by the City of Durham and sewer services available through Durham County. The surrounding area is vibrant and well-established, featuring a variety of amenities such as restaurants, multi-family housing, fitness centers, hotels, banking institutions, and an extensive network of pedestrian trails spanning four miles. This location provides excellent visibility and accessibility, making it an ideal site for businesses seeking a thriving and convenient location. The property's versatility and prime location within a successful business park make it a truly exceptional investment prospect. Don't miss this chance to acquire a piece of Durham's thriving commercial landscape.

    Property Features for 0 Slater Rd At Parliament Ct

    General Information

    Property type
    Land
    Lot Size
    83,635 SF

    HighLights

    • 1.92‑acre commercial land parcel in Durham, NC's Imperial Center Business Park.
    • IL zoning allows for retail, office, or hotel development.
    • Prime location near I‑40 and I‑540, with ample parking (359 spaces).
    • $11/SF; city water and sewer available.
    • Excellent visibility and access; surrounded by amenities and pedestrian trails.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8363868
    Latitude
    35.8744847

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    FAQs

    What type of property is this?
    Land - 1.92 Acres, Prime Commercial Land
    Where is this land located?
    The property is located at Slater Rd At Parliament Ct Durham, NC.
    What are key features of this property?
    This property features: 1.92-acre commercial land parcel in Durham, NC's Imperial Center Business Park.; IL zoning allows for retail, office, or hotel development.; Prime location near I-40 and I-540, with ample parking (359 spaces).
    (919) 281-2318
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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
    Slater Rd At Parliament Ct Durham, NC 27703
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