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1426 E NC Highway 54 - SW Durham Development Opportunity 0.86 Acres of Commercial Land Offered at $1,352,586 CAD in Durham, NC 27713
Investment Highlights
- Covered land play with in-place income and high visibility on NC-54
- Drive-thru potential for select users (contact broker for more details)
- Two office buildings on site, totaling ±4,706 SF
Executive Summary
The property currently operates as an income-producing office with straightforward redevelopment potential. In-place income provides a solid placeholder while future redevelopment plans are evaluated.
Located in the highly-trafficked The Streets at Southpoint area on NC-54, parallel to I-40 between Fayetteville Rd and Hwy 55. The property is surrounded by residential communities and sits across from a preschool and a new multifamily development.
A signalized intersection one block east of the property serves as the main entrance to Parkwood, a classic Durham planned community with 3,500+ residents.
Located in the highly-trafficked The Streets at Southpoint area on NC-54, parallel to I-40 between Fayetteville Rd and Hwy 55. The property is surrounded by residential communities and sits across from a preschool and a new multifamily development.
A signalized intersection one block east of the property serves as the main entrance to Parkwood, a classic Durham planned community with 3,500+ residents.
Property Facts
| Price | $1,352,586 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.86 AC |
| Zoning | OI - OI (Office Institutional) with proposed new zoning being Commercial Mixed Use 3 (CX-3) | ||
| Price | $1,352,586 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.86 AC |
| Zoning | OI - OI (Office Institutional) with proposed new zoning being Commercial Mixed Use 3 (CX-3) |
1 Lot Available
Lot
| Price | $1,352,586 CAD | Lot Size | 0.86 AC |
| Price Per AC | $1,572,774.51 CAD |
| Price | $1,352,586 CAD |
| Price Per AC | $1,572,774.51 CAD |
| Lot Size | 0.86 AC |
±0.86-acre parcel currently operating as an income-producing office with straightforward redevelopment potential. In-place income provides a solid placeholder while future redevelopment plans are evaluated.
Property Taxes
| Parcel Number | 153034 | Improvements Assessment | $475,801 CAD |
| Land Assessment | $617,485 CAD | Total Assessment | $1,093,286 CAD |
Property Taxes
Parcel Number
153034
Land Assessment
$617,485 CAD
Improvements Assessment
$475,801 CAD
Total Assessment
$1,093,286 CAD
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1426 E NC Highway 54 - SW Durham Development Opportunity
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