Durham Retail for Sale - South Durham
Income-Producing Multi-Tenant Building | 7.88 Acres | Value-Add or Redevelopment Opportunity.
1020 S Miami Blvd presents a rare opportunity to acquire a versatile, income-producing asset in one of the Triangle’s fastest-growing submarkets—South Durham/Research Triangle Park. With exceptional visibility along one of Durham’s highest-traffic corridors and immediate connectivity to US-70, I-40, and I-85, the property is strategically positioned to serve a wide range of commercial users including retail, service, office, R&D, or light-industrial tenants.
The ±35,402 SF multi-tenant building is 100% occupied by seven tenants, all on shorter-term lease structures, creating significant near-term upside for investors seeking value-add potential through lease-up, rent repositioning, or redevelopment. The site spans 7.88 acres with 375 feet of frontage on US-70 and offers the ability to assemble additional adjacent land totaling up to 12+ acres, unlocking scale for future development.
Recent building improvements—including a 2024 roof coating with a new 10-year warranty—combined with flexible zoning (C1A) and surface parking (170 spaces; 5:1,000 ratio) enhance both current operations and long term redevelopment potential. Surrounded by established retail, major employment hubs, and strong demographics, the property sits just minutes from RDU International Airport and within immediate proximity to Parkside 70 Shopping Center.
This offering provides investors, developers, and owner occupants with a compelling opportunity to secure a well-located, income-generating asset with multiple paths to value creation in one of North Carolina’s most dynamic markets.