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1426 E NC Highway 54 - SW Durham Development Opportunity 0.86 Acres of Commercial Land Offered at $989,000 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 | $989,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.86 AC |
| No. Lots | 1 | ||
| Zoning | OI - OI (Office Institutional) with proposed new zoning being Commercial Mixed Use 3 (CX-3) | ||
| Price | $989,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| 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 | $989,000 | Lot Size | 0.86 AC |
| Price Per AC | $1,150,000.00 |
| Price | $989,000 |
| Price Per AC | $1,150,000.00 |
| 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.
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 153034 | Improvements Assessment | $347,902 |
| Land Assessment | $451,500 | Total Assessment | $799,402 |
Property Taxes
Parcel Number
153034
Land Assessment
$451,500
Improvements Assessment
$347,902
Total Assessment
$799,402
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1426 E NC Highway 54 - SW Durham Development Opportunity
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