1955 Cornwallis Rd Durham, NC 27705
- Commercial real estate
- 22,158 SF
- 4.90 lot acres
Current Use by Public Records
- Community School of Digital and Visual Arts / Charter School / Elementary School
Property Details for 1955 Cornwallis Rd
- Year built
- 1975
- Lot size
- 4.90 lot acres
- Property size
- 22,158 SF
- Property type
- Commercial real estate
Description
This exceptional 4.9-acre commercial property at 1955 West Cornwallis Road in Durham, North Carolina, presents a unique investment opportunity. The property features a 22,158 square foot building constructed in 1975, currently vacant, and zoned RS-10. Its strategic location offers excellent access to major thoroughfares, including Highway 15-501, Highway 147, I-85, and I-40, ensuring convenient commutes to Duke University, downtown Durham, Research Triangle Park (RTP), and Chapel Hill. The property's proximity to Duke University and the thriving South Durham area adds significant value. The existing building provides immediate potential for repurposing, while the expansive lot size allows for substantial redevelopment opportunities, including the possibility of a multi-family community with structured parking, subject to rezoning. This property is ideally situated near numerous amenities in South Square, University Hill, Patterson Place, and University Tower, enhancing its appeal and potential for future development. The asking price for this exceptional property is $4,500,000. This is a rare chance to acquire a significant piece of Durham real estate with high potential for future growth and return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham county
- State
- North Carolina
- Longitude
- -78.9553962
- Latitude
- 35.9812323
