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Investment Highlights

  • Freestanding office/flex building on a sizable 1.02-acre lot with redevelopment potential.
  • Located minutes from Research Triangle Park and a short drive to Downtown Durham.
  • Outdoor storage area available with specific limitations and requirements.
  • Positioned less than one mile from I-40, offering swift access to major regional corridors.
  • Zoned OI with permitted uses spanning medical, R&D, education, care facilities, and religious institutions.
  • Attractive option for both owner-occupants and investors seeking flexibility and location strength.

Executive Summary

SALE PRICE: $400,000.00
This standalone office/flex building offers exceptional versatility on a 1.02-acre parcel, providing unique functionality and redevelopment potential.
Positioned less than one mile from I-40 and with easy access to Highway 55, the property ensures convenient regional connectivity.
It is strategically located just minutes from Research Triangle Park, one of the nation’s leading technology and research hubs, and only a short 13-minute drive from Downtown Durham, placing businesses in close proximity to key commercial and residential markets.
The building is well-suited for an owner-occupant or investor seeking adaptability and long-term value. Flexible OI zoning supports a wide array of uses, including Medical, R&D, facilities, Educational Facilities, Care Center, and places of worship. .
Additional features include an outdoor storage area located toward the rear of the property. While usage is subject to limitations and specific requirements, it provides an extra element of utility for select users.
With its rare combination of accessibility, functional zoning, and location near major employment centers, this asset is positioned for strong operational or investment potential.

Property Facts

Price $566,440 CAD
Price Per SF $553.16 CAD
Sale Type Investment or Owner User
Property Type
Flex
  • OfficeLoft Creative Space
Building Class C
Lot Size 1.02 AC
Rentable Building Area 1,024 SF
No. Stories 1
Year Built 1942
Zoning OI - Office Institutional
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
157164
Land Assessment
$299,050 CAD
Improvements Assessment
$93,438 CAD
Total Assessment
$392,488 CAD
  • Listing ID: 40975948

  • Date on Market: 2026-06-18

  • Last Updated:

  • Address: 4137 S Alston Ave, Durham, NC 27713

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