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Property profile & analytics
OFF-MARKET
Retail space

1702 Miami Blvd Durham, NC 27701-2744

1,785 SF 0.24 ac lot Built 1954
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US53-1840897
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a 1,815 square foot vacant storefront situated on two commercial parcels totaling approximately 0.41 acres at the signalized intersection of North Miami Boulevard and East Geer Street in Durham, North Carolina. The property, identified by APNs 113358 & 113359, features a single-story building constructed in 1954 and renovated in 2017. Currently in shell condition, this retail space offers significant potential for a variety of uses. The property benefits from Commercial Neighborhood (CN) and Commercial General (CG) zoning designations, providing flexibility for future development. The asking price is $650,000. This high-traffic location presents a unique chance to capitalize on a vibrant Durham market. The existing building provides a solid foundation for a quick turnaround, while the ample lot size allows for expansion or additional development. Don't miss this chance to acquire a prime commercial property in a rapidly growing area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1954
Total area 1,785 SF
Lot 0.24 ac (10,454 SF)
Zoning code CG
APN 113358
UPID US53-1840897
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Anand Singh · 3 yrs held
Anand Singh
since 2022
Last sale
$480,000
3 recorded transactions
2022
$480,000
2017
Price N/A
2015
$55,000
Zoning & alternative use
CG · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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