1702 Miami Blvd Durham, NC 27701-2744
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.
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
CG · Durham, NCDurham. Always verify with local authorities before improvements.
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.