2223 Carolina 54 Durham, NC 27713
- Retail properties
- 24,813 SF
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 2223 Carolina 54
- Property size
- 24,813 SF
- Property type
- Retail properties
Description
This exceptional Durham County retail property, Park Terrace Shopping Center, presents a unique investment opportunity. Located at 2223 North Carolina 54, Durham, NC 27713, this 24,813 square foot center boasts a prime location with high visibility and accessibility. Currently, one suite totaling 2,448 square feet is available for lease, ideal for businesses such as beauty salons, barber shops, or similar services. The center is anchored by established tenants including Thai 55 Restaurant, Akashi Sushi, and Vittles at the Park Caribbean Food, ensuring a steady flow of foot traffic. Ample parking is provided with 122 spaces, offering a generous 4.92 spaces per 1,000 square feet. Under new ownership, the property has undergone significant improvements, including fresh paint throughout, new awnings, updated monument signage, resurfaced parking lots, upgraded parking lot and walkway lighting, and the installation of LED 24-hour security cameras. This turnkey retail space offers immediate occupancy and the potential for strong returns. The property's strategic location in Durham County, North Carolina, provides access to a thriving community and a robust consumer base. This is an excellent opportunity to acquire a well-maintained, high-traffic retail property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.8914
- Latitude
- 35.9016
