Property summary
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
VerifiedCap rate & NOI
Current use
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Big Box & Wholesale Store Distribution Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The IL District is established to provide for a wide range of light manufacturing, warehousing, and wholesaling activities as well asofficesand some support services, all subject to minimum design standards intended to e…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
IL · Durham, NCThe IL District is established to provide for a wide range of light manufacturing, warehousing, and wholesaling activities as well asofficesand some support services, all subject to minimum design standards intended to e…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The IL District is established to provide for a wide range of light manufacturing, warehousing, and wholesaling activities as well asofficesand some support services, all subject to minimum design standards intended to e…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IL in Durham, NC.
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Find the owner behind the property.
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