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3823 Durham Chapel Hill Blvd 18,000 SF Retail Building Durham, NC 27707 $18,000,000 ($1,000/SF)
INVESTMENT HIGHLIGHTS
- 20,000 vehicles per day on Durham-Chapel Hill Boulevard
- General Commercial CG (D) zoning
EXECUTIVE SUMMARY
Multifamily redevelopment opportunity on prime corridor in Durham, close to the new University Hill mixed-use development and numerous retail and restaurant options. The site is situated at the signalized corner of US 15-501 Hwy Bus and Shannon Road with high visibility and access to major transit corridors.
5.62 acres
18,176 SF building and 36,485 SF building on site
20,000 vehicles per day on Durham-Chapel Hill Boulevard
General Commercial CG (D) zoning
Transit Opportunity Area future land use
Durham County REID 121641
5.62 acres
18,176 SF building and 36,485 SF building on site
20,000 vehicles per day on Durham-Chapel Hill Boulevard
General Commercial CG (D) zoning
Transit Opportunity Area future land use
Durham County REID 121641
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
18,000 SF
Building Class
C
Year Built
1964
Price
$18,000,000
Price Per SF
$1,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.90 AC
Zoning
CG - Commercial
Parking
125 Spaces (6.94 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 121641 | Improvements Assessment | $3,067,205 (2025) |
| Land Assessment | $7,124,701 (2025) | Total Assessment | $10,191,906 (2025) |
PROPERTY TAXES
Parcel Number
121641
Land Assessment
$7,124,701 (2025)
Improvements Assessment
$3,067,205 (2025)
Total Assessment
$10,191,906 (2025)
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3823 Durham Chapel Hill Blvd
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