3214 Hillsborough RdDurham, NC 27705

Property Details for 3214 Hillsborough Rd

Year built

1961

Lot size

11.70 AC

Property size (Sq ft)

106,420 SF

Zone code

IL

Property type

Industrial properties

Property subtype

Other warehouses

APN

119586

APU

119586

Description

This exceptional 12-acre Durham County retail opportunity presents 71,652 square feet of space, currently vacant at 65,956 square feet. The property, formerly a Coca-Cola bottling warehouse, is slated for transformation into a Class-A mixed-use development, offering a unique chance to be part of a vibrant, upscale project. Spaces are divisible down to 4,760 square feet, with a maximum contiguous space of 23,296 square feet, providing flexibility for various retail concepts. The location boasts unparalleled accessibility, situated just one mile from Duke University's main campus and hospital, ensuring high visibility and foot traffic. Hillsborough Road's impressive traffic counts of 23,000 and 15,000 vehicles per day (VPD) further enhance the property's appeal. The surrounding area demonstrates strong demographics, with a daytime population of 351,377 within a 15-minute drive and an average household income of $99,150. This prime location offers an exceptional opportunity for businesses seeking high visibility and a strong customer base in a rapidly growing area. The property's size and flexible layout cater to a wide range of retail uses, making it an ideal investment for discerning businesses.

• Alternative Use

  Use

  Valuation

  Residential

  $18,207,608

  Hospitality

  $16,678,071

  Educational

  $13,875,960

  Medical

  $14,353,175

  Retail

  $21,584,826

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

36.0196

Longitude

-78.9432

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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