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Property profile & analytics
OFF-MARKET
Commercial real estate

2506 Coley Rd Durham, NC 27703

Property ID
US53-1869198
Property summary
AI-generated overview

This exceptional 1.8-acre commercial land parcel, located at 2506 Coley Road in Durham, NC 27703, presents a compelling investment or development opportunity. Situated on a desirable corner lot at the busy intersection of Coley and Kemp Roads, this property boasts excellent visibility and accessibility. The lot features a paved surface and a few trees, offering a versatile canvas for various commercial ventures. Its strategic location near the Wake County line and close proximity to Highway 98, between Durham and Wake Forest, ensures high traffic volume and easy access to major transportation routes. The area is experiencing significant growth, with nearby developments like the Perry Farms community (over 600 homes) further enhancing the property's potential. The asking price is $378,900. The lot size is 78,408 square feet. Adjacent properties are also reportedly under consideration for future development, suggesting a rapidly expanding commercial landscape. This prime location offers significant potential for investors and developers seeking to capitalize on the area's burgeoning growth. Don't miss this chance to secure a piece of Durham's thriving commercial sector. Further information regarding adjacent properties should be independently verified.

Property profile
Verified
Property type Commercial real estate
UPID US53-1869198
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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