103 Rockway St Durham, NC 27704-2732
This exceptional opportunity presents a fully operational auto repair shop available for lease in Durham, North Carolina. Located at 103 E Rockway Street E, this well-established business occupies a 2,280 square foot building situated on a 0.36-acre lot. The shop boasts five service bays, equipped with four lifts, ensuring efficient workflow and ample space for various repair tasks. A comfortable waiting area is provided for customers, along with two convenient bathrooms. The shop is equipped for immediate operation, including all necessary equipment. A significant advantage for any prospective lessee is the inclusion of over ten years of client files, providing a ready-made customer base and valuable business history. The property features gas heating in the shop area, while the remaining spaces benefit from both heating and air conditioning, ensuring year-round comfort. The lease agreement includes favorable terms for the tenant, with the landlord covering property taxes and building insurance. This turnkey operation presents a rare opportunity to acquire an established and profitable business with a strong existing client base and minimal upfront investment. The property's prime location in Durham offers excellent visibility and accessibility, making it an ideal location for a thriving auto repair business. This is a fantastic opportunity for an experienced mechanic or entrepreneur looking to establish or expand their business.
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Davis Brothers Plumbing Plumbing Service General Contractor
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CND services Auto Repair Shop
The RS Districts are established to provide for orderly suburban residentialdevelopmentand redevelopment. A limited number of nonresidential uses are allowed, subject to the restrictions necessary to preserve the character of the suburban neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RS-20 · Durham, NCThe RS Districts are established to provide for orderly suburban residentialdevelopmentand redevelopment. A limited number of nonresidential uses are allowed, subject to the restrictions necessary to preserve the character of the suburban neighborhood.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.