1300 Old Oxford Rd Durham, NC 27704
- Amusement parks
- 1,100 SF
- 5.74 lot acres
Current Use by Public Records
- Amusement parks
Property Details for 1300 Old Oxford Rd
- Year built
- 1988
- Lot size
- 5.74 lot acres
- Property size
- 1,100 SF
- Zone code
- IL
- Property type
- Amusement parks
- APN
- 177732
- APU
- 177732
Description
This exceptional ±2.8-acre commercial land parcel presents a unique investment opportunity in Durham, North Carolina. Strategically located on a hard corner with a signalized intersection at 1300 Old Oxford Road, the property boasts excellent visibility and accessibility. The seller is currently constructing an adjacent self-storage facility and will deliver this site fully prepared, cleared, rough-graded, and with site-constructed materials (SCM) installed. This prime location benefits from robust residential and commercial growth in the immediate area, with over 1,300 proposed residential units adding to the already thriving community. The property's favorable Industrial Light (IL) zoning allows for a wide range of commercial uses, providing significant flexibility for future development. This is an ideal site for developers seeking a well-positioned parcel in a rapidly expanding market. The 27704 zip code ensures convenient access to major transportation routes and amenities. The site's size and location make it an attractive proposition for a variety of commercial ventures, capitalizing on the area's strong growth trajectory. Don't miss this chance to acquire a highly desirable commercial land parcel in a dynamic Durham County location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $915,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $950,000
- 6.5%
- $1,000,000
- 7%
- $905,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,105,000
- Geo Method
- $985,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,000,000
- Retail
- $905,000
- Mixed-Use
- $1,000,000
- Hospitality
- $820,000
- Educational
- $900,000
- Residential Income
- $950,000
- Energy
- $775,000
- Income-Based Land
- $1,000,000
- Food Service
- $1,070,000
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.8719
- Latitude
- 36.051
- CBSA code
- 20500
- CBSA name
- DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
