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    FOR LEASE
    Warehouses

    3214 Hillsborough Rd, Durham, NC 27705

    106,420 SF 11.7 ac lot Built 1961
    Entity Owned ~ Est. High Equity
    Property ID
    US53-1555877
    Property summary
    AI-generated overview

    This exceptional 12-acre Durham County retail opportunity presents 71,652 square feet of space, currently vacant at 65,956 square feet. The property, formerly a Coca-Cola bottling warehouse, is slated for transformation into a Class-A mixed-use development, offering a unique chance to be part of a vibrant, upscale project. Spaces are divisible down to 4,760 square feet, with a maximum contiguous space of 23,296 square feet, providing flexibility for various retail concepts. The location boasts unparalleled accessibility, situated just one mile from Duke University's main campus and hospital, ensuring high visibility and foot traffic. Hillsborough Road's impressive traffic counts of 23,000 and 15,000 vehicles per day (VPD) further enhance the property's appeal. The surrounding area demonstrates strong demographics, with a daytime population of 351,377 within a 15-minute drive and an average household income of $99,150. This prime location offers an exceptional opportunity for businesses seeking high visibility and a strong customer base in a rapidly growing area. The property's size and flexible layout cater to a wide range of retail uses, making it an ideal investment for discerning businesses.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1961
    Total area 106,420 SF
    Lot 11.7 ac (509,652 SF)
    Zoning code IL
    APN 119586
    UPID US53-1555877
    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
    Current use
    Occupant on record · Public records
    • Durham Coca-Cola Bottling Co Big Box & Wholesale Store Distribution Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $6.89M
    Owner & transaction history
    Durham Coca-cola Bottling Co
    Durham Coca-cola Bottling Co
    2 recorded transactions
    1969
    1969
    Zoning & alternative use
    IL · Durham, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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