Listed by SVN | Real Estate Associates
$989,000
SW Durham Development Opportunity
Details
APN 153034
Property Type Land, Office
Sub Type Commercial
Square Footage 4,706
Price per SqFt $210
Buildings 2
Acreage 0.860
Zoning OI (Office Institutional)
Ground Lease No
SW Durham Redevelopment Opportunity | ±0.86 acres | 2 Bldgs Totaling ±4,706 SF
Marketing description
The property currently operates as an income-producing office with clear redevelopment potential. Existing cash flow provides a valuable holding opportunity while future plans are evaluated.
Located in the highly trafficked Streets at Southpoint corridor on NC-54, just off I-40 between Fayetteville Road and Hwy 55, the property is surrounded by established neighborhoods and sits across from a preschool and a new multifamily development.
A signalized intersection one block east serves as the main entrance to Parkwood, a planned community with 3,500+ residents, enhancing both visibility and accessibility.
Investment highlights
- Covered land play with in-place income and high visibility on NC-54
- Two office buildings on site, totaling ±4,706 SF
- Drive-thru potential for select users (contact broker for more details)
Listing Contacts
Listed by SVN | Real Estate Associates
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
