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2624 Nc-55 Durham, NC 27713

OFF-MARKET Land Google Maps
14 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 14-acre commercial land parcel presents a unique investment opportunity in Durham, North Carolina. Strategically located on NC-55, this property boasts approximately 1,100 feet of frontage, ensuring high visibility and accessibility. Its prime location offers convenient access to Downtown Durham, Research Triangle Park (RTP), and Raleigh-Durham International Airport (RDU), all within a 10-minute drive. The property is zoned CC, permitting a wide range of commercial uses, including retail establishments, restaurants, shopping centers, medical offices, automotive businesses, and convenience stores. This versatility allows for diverse development options, catering to a broad spectrum of potential tenants and maximizing return on investment. The significant lot size provides ample space for large-scale projects, while the high-traffic location guarantees substantial exposure. This property is ideal for developers seeking a prime location to build a thriving commercial venture, capitalizing on the robust economic growth and strategic location within the Research Triangle region. The asking price is $3,700,000. Don't miss this chance to acquire a highly desirable commercial land parcel in one of North Carolina's fastest-growing areas.

Property profile

Verified
Property type Land
Lot 14 ac (609,840 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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