Property summary
This exceptional 2.28-acre commercial land parcel in Durham, NC, offers a prime location near Research Triangle Park (RTP). Situated on high-traffic NC-55 Highway, this gently sloping site boasts approximately 1 acre of buildable land and presents significant development potential. Its strategic location is adjacent to new residential areas and across from a light industrial site, ensuring high visibility and accessibility. The property's Commercial General (CG) zoning allows for a variety of uses, including lab/office, medical office, multifamily, retail, or restaurant development. Utilities are readily available, with a water line on-site and sewer access nearby via MLK Jr Pkwy or an existing easement. The site benefits from its proximity to major transportation arteries, being less than 2 miles from RTP and approximately 1.5 miles north of I-40. A new Sam's Xpress Carwash is under construction adjacent to the property, further enhancing its desirability and potential for increased traffic. The property's APN is 155767 & 155766. This is an outstanding opportunity to capitalize on the growth and development within this thriving area. The asking price is $575,000.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Party Supply Store (Bike/Boat/Book/etc) Store
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Big Box & Wholesale Store
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Hat Shop
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(Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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