1015 Ellis Road
Rare opportunity to own versatile industrial in one of the Triangle's most dynamic growth corridors!
Marketing description
Positioned at the heart of one of the Triangle’s most dynamic growth corridors, 1015 Ellis Road offers a rare opportunity to own a versatile, income-producing industrial property in South Durham. The three-building property sits on 0.74 acres with Industrial zoning and encompasses four occupiable/leasable units totaling ±4,940 SF - purpose-built for the trades and service businesses that keep the Triangle running. Six garage bays, a converted office building, perimeter fencing, and parking for 35+ vehicles deliver the operational infrastructure that owner-occupants in the market are increasingly hard-pressed to find. Perhaps equally valuable is the property’s generous yard space - with a favorable building-to-land ratio, the fenced surplus acreage provides meaningful capacity for outdoor storage, equipment staging, fleet parking, or contractor laydown, a feature that carries as much operational weight as the buildings themselves for many service-sector buyers.
All current leases are short-term, with the longest running through March 2027, offering an owner-occupant a clear path to occupancy while generating interim rental income. For a buyer who prefers a tenanted asset, three of the four current tenants have expressed interest in longer-term renewals - the sellers have simply deferred that conversation to preserve maximum flexibility for incoming ownership. Located minutes from RTP, RDU, I-40, and the Durham Freeway, and offered at $1,385,000, this is a well-located, low-maintenance platform for a growing business ready to plant its flag in one of North Carolina’s tightest and fastest-growing industrial sub-markets.
Investment highlights
The Property
- Three-building industrial flex property totaling ±4,940 SF, including two warehouse/garage buildings with six bays (one of which has been subdivided into two units) and a converted office building.
- Generous 0.74-acre site with a favorable building-to-land ratio — the substantial surplus yard space is fully fenced and well-suited for outdoor storage, equipment staging, fleet parking, or contractor laydown.
- Parking for 35+ vehicles — a meaningful operational asset for service and trades businesses.
- Industrial (I) zoning provides broad permissible use flexibility.
- Renovated in 2021, reducing near-term capital expenditure concerns.
- Vehicle lifts and spray booth present on-site and potentially negotiable, offering a turnkey opportunity for the right automotive or fleet-service operator.
The Tenants
- Four tenants currently in place across complementary service-sector uses — auto repair, plumbing, and pest control — validating strong demand from trades businesses that require industrial zoning and functional yard space.
- All leases are short-term, with the longest expiring March 2027, providing an owner-occupant a clear glide path to full or partial occupancy without inherited long-term lease obligations.
- Three of four tenants have expressed willingness to sign longer-term leases, giving a buyer who prefers a stabilized income asset a straightforward path to do so post-closing.
- Sellers have intentionally deferred lease renewals to preserve maximum flexibility for incoming ownership.
The Location
- Minutes from Research Triangle Park and RDU International Airport.
- Direct access to I-40, I-885, and the Durham Freeway — exceptional regional connectivity.
- Five miles from downtown Durham; 20 miles from downtown Raleigh.
- Ellis Road corridor is in active transformation, anchored by the Ellis Crossing mixed-use development with retail, dining, and hundreds of new residential units underway.
- Proximate to major distribution infrastructure including Amazon, UPS, and FedEx operations along the Durham Freeway.
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