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Parkside 70 1020 S Miami Blvd 34,433 SF 100% Leased Retail Building Durham, NC 27703 $6,000,000 ($174.25/SF)
INVESTMENT HIGHLIGHTS
- Prime RTP/South Durham Location
- 100% Occupied with Short Term Leases
- Outstanding Visibility & Branding Opportunity
- Highly Versatile Commercial Asset
- 7.88 Acre Site with Expansion and Additional land assemblage potential
EXECUTIVE SUMMARY
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.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- A'mare Beauty
- Services
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- Services
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Within a relatively short time span, Cup of Salvation Deliverance Church and Ministries, Inc. (CSDC) has grown to be a spiritual force in our community. CSDC was born in the heart of its founding pastor, Apostle Dr. Johnny Holloway in 1992, but it did not officially open its doors until March 2, 1996. The name “Cup of Salvation” was derived from Psalm 116-13 which says “I will take the cup of salvation and call upon the name of the Lord.” For the first few weeks, the eight members met at the Hampton Inn on Hillandale Road. After a few months, the church moved to North Point Plaza on Guess Road where the congregation prayed that God would expand their horizons. God moved, and so did the church, and on September 7, 1997, the first service at this location, 1020 Highway 70 East, Durham, NC was held. It is here that the church was first referred to as “The Cup,” an endearment probably attributed to one of the early teenage members.
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- Health Care and Social Assistance
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Little People Day Center Inc. began in 1995 on Tyne Drive as a Family Child Care Home (FCCH). We first open our doors to serve infants to 5 year olds. With quality our as main focus, we receive NAFCC Accreditation. To better serve the needs of the community, that small FCCH grew to a small center serving 12 children and received a 5 star license. On July 9, 2002 we opened Little People 2 on Wake Forest Hwy. Little People 2 became a 5-star center serving children two years to five year old. On January 5, 2009 Little People relocated both Little People and Little People 2 into the East Parkside Plaza. We are a 5 star center serving children from birth to 12 year olds.
- Miami Blvd Tobacco & Vape
- Wholesaler
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- Modified Gross
- Mar 2027
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- Professional, Scientific, and Technical Services
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- Triple Net
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Williams Tax Accounting has been offering customized accounting and tax services to our clients for over 20 years. Our staff of accounting and tax professionals is knowledgeable about complex accounting principles and constantly changing tax regulations. We pride ourselves on using the best skills, resources, and knowledge base to ensure consistent and proven results.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| A'mare Beauty | Services | - | - | - | - | |
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Services | - | - | - | - | |
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Health Care and Social Assistance | - | - | - | - | |
| Miami Blvd Tobacco & Vape | Wholesaler | - | - | Modified Gross | Mar 2027 | |
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Professional, Scientific, and Technical Services | - | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 158191 | Improvements Assessment | $2,072,583 |
| Land Assessment | $1,474,038 | Total Assessment | $3,546,621 |
PROPERTY TAXES
CONTACTS
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Sam DiFranco CCIM, SIOR -
Dylan Heafner, CCIM, SIOR -
Conley Moretz -
Rich Commercial Realty
Presented by
Parkside 70 | 1020 S Miami Blvd
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