±22,998 SF AUTO SERVICE INVESTMENT 3 Properties Offered at $5,225,000 in Durham, NC

The offering consists of three contiguous parcels at 1426 & 1500 S. Miami Boulevard and 1408 Marly Drive in Durham, North Carolina, totaling approximately 2.51 acres and improved with two automotive service facilities totaling ±22,998 square feet. The property is currently occupied by Moaven Automotive and Gerber Collision & Glass, providing in-place income with near-term lease expirations that may create flexibility for future ownership strategies.
Positioned along South Miami Boulevard with reported traffic counts of approximately 41,836 vehicles per day, the asset benefits from direct access to US-70 and convenient connectivity to I-85 and I-885. The location provides access to Downtown Durham, Research Triangle Park, Raleigh-Durham International Airport, and the broader Triangle region, supporting long-term demand from automotive service users and related commercial businesses.
Constructed in 1986 and extensively renovated in 2011, the buildings feature waiting areas, office space, garage and shop areas, standing seam metal roofs, masonry construction, paved parking, and a combined total of 11 roll-up doors. Additional site improvements include lighting, landscaping, driveways, and a fenced parking lot located at 1500 S. Miami Boulevard. Building systems support gas-pack heat or oil operation, and one facility includes HVAC replacements completed in 2021.
The property is offered at an asking price of $5,225,000 with reported NOI of $357,553 and a stated cap rate of 6.8%. Existing NNN lease structures and the property's proposed future Commercial Heavy (CH) zoning designation may provide additional long-term operational and redevelopment flexibility.