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    OFF-MARKET
    Flex space

    4906 Meadow Dr, Durham, NC 27713

    7,922 SF 0.94 ac lot Built 1996
    Property ID
    US53-1299417
    Property summary
    AI-generated overview

    This exceptional 7,922-square-foot industrial property, situated on a 0.94-acre lot in Durham, NC, presents a unique investment opportunity. Built in 1996, the single-story building boasts nine service bays, a spacious waiting area, ample office space, and substantial storage. The property's versatile design, encompassing both auto shop and flex space, caters to a wide range of potential uses. Its prime location near the intersection of Apex Highway and Allentown Drive offers easy access to a thriving commercial area and convenient proximity to I-40 and NC-54. The property includes attractive landscaping and picnic areas, enhancing its overall appeal. The permitted zoning is IL(D). The asking price is $1,200,000, translating to $151.48 per square foot. Currently vacant, this property is being offered as a combined sale of both the real estate and the existing automotive service business. This presents a rare chance to acquire a well-established business and a strategically located property in a high-growth area of Durham. The property's features and location make it an ideal investment for both established businesses and entrepreneurs seeking a versatile and well-positioned space. The sale includes the existing business.

    Property profile
    Verified
    Property type Flex space
    Year built 1996
    Total area 7,922 SF
    Lot 0.94 ac (40,946 SF)
    UPID US53-1299417
    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
    • Wasp Automotive Auto Repair Shop
    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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