Property summary
This exceptional investment opportunity presents a 4,939-square-foot flex property situated on a 0.74-acre lot in the heart of South Durham's industrial corridor. The property comprises three buildings, renovated in 2021, offering a modern aesthetic while maintaining its industrial functionality. The complex includes a renovated house converted into office space, providing versatile options for tenants. Two warehouse buildings feature six bays, complete with lifts and a spray booth, making it particularly suitable for automotive businesses, though its I-zoned lot allows for diverse commercial applications. Ceiling heights range from 13 to 16 feet. The property boasts a prime location, minutes from Research Triangle Park and RDU Airport, with convenient access to major roadways including I-40, I-885, and the Durham Freeway. Perimeter fencing enhances security. This turnkey solution offers a rare combination of location, functionality, and growth potential in a rapidly expanding area of the Triangle region. The asking price is $1,400,000. The property was built in 1945 and 1956, and currently houses two tenants.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
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Auto Repair Shop
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General Contractor
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Derived from the Durham market rent, vacancy and expense benchmarks for this use type.
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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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