4701 Hillsborough Rd, Durham, NC 27705-2225
- Industrial properties
- 13,812 SF
- 1.59 lot acres
Current Use by Public Records
- La Marqueta Tienda y Carniceria / Grocery & Convenience Store / Food Market
- AMVETS Drop Box Only / Charitable Organization
- ATM / Atm
Property Details for 4701 Hillsborough Rd
- Year built
- 1986
- Lot size
- 1.59 lot acres
- Zone code
- CN
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 175413
- APU
- 175413
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 23, 2025 | $3,200,000 | La Marqueta Properties LLC | Collins Investment Properties 2 LLC | Special Warranty Deed | $2.2M · Collins Investment Properties 2 LLC |
| Mar 8, 2019 | — | Collins Invs Prop 2 LLC | Collins Invs Prop LLC | Quit Claim Deed | — |
| Jul 27, 2016 | — | Collins Investment Props LLC | — | Deed · related | $80k · Branch Bk&tr |
| — | — | Collins Investment Props LLC | — | Deed Of Trust · related | $80k · Branch Bk&tr |
Description
This exceptional commercial property, located at 4701 Hillsborough Road in Durham, North Carolina, presents a compelling investment opportunity. The 14,254 square foot retail center sits on a sizable 1.59-acre lot and boasts 55 parking spaces, ensuring ample convenience for customers and employees. The property is zoned Commercial Neighborhood (CN), offering flexibility for a variety of uses. The building is currently comprised of three distinct spaces. The largest space, measuring 6,568 square feet, is currently leased to La Marqueta through March 31, 2027, with a five-year renewal option. A second space, totaling 4,536 square feet, is leased to Bralie's Sports Bar through February 28, 2026, with no renewal option. Finally, there is a 3,150 square foot vacant space, previously leased by Bralie's Sports Bar, which is currently available for lease. The asking price for this prime Durham retail property is $3,200,000, representing a price per square foot of $224.50. This property offers a unique blend of existing income and significant redevelopment potential in a thriving Durham County location, making it an attractive investment for discerning buyers. The property's address is 4701 Hillsborough Rd, Durham, NC 27705.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,110,000
- 6.5%
- $2,870,000
- 7%
- $2,665,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,907,000
- AI Estimate
- $1,937,000
Market price range: $2.67M - $4.29MMarket price range: $1.10M - $3.17M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,325,000 Current use
- AUTO REPAIR, GARAGE
- $4,030,000 Change: +21% Conversion: Difficult
- RETAIL STORES
- $3,395,000 Change: +2% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.9824
- Latitude
- 36.0323
- CBSA code
- 20500
- CBSA name
- DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
