5008 NC Highway 55 | Durham, NC 27713
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- LoopNet Team
5008 NC Highway 55
Durham, NC 27713
Suburban Studios Durham · Hospitality Property For Sale
·
53,952 SF
Investment Highlights
- 129 studio guestrooms with full kitchenettes tailored for extended stay.
- Strong nearby demand drivers include Duke University Medical Center, UNC Chapel Hill, RDU International Airport, and PNC Arena.
- Value-add potential via management, revenue strategy, and renovations. Offered below replacement cost in one of the fastest-growing MSAs
- Located at I-40 and NC-55, adjacent to Research Triangle Park and within proximity to key demand generators.
- Rooms include full-size refrigerators, stovetops, microwaves, sinks, and dining/work areas—ideal for long-term stays.
- Flexible branding: unbranded, Red Roof, or Suburban Studios options.
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1998/2018 |
| Building Class | C | Tenancy | Single |
| Lot Size | 8.90 AC | Parking Ratio | 1.16/1,000 SF |
| Building Size | 53,952 SF | Corridor | Exterior |
| Zoning | OI(D),RR - Office Institutional (Design District), RR – Rural Residential | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 8.90 AC |
| Building Size | 53,952 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1998/2018 |
| Tenancy | Single |
| Parking Ratio | 1.16/1,000 SF |
| Corridor | Exterior |
| Zoning | OI(D),RR - Office Institutional (Design District), RR – Rural Residential |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Property Taxes
| Parcel Number | 153781 | Improvements Assessment | $2,789,760 |
| Land Assessment | $2,502,157 | Total Assessment | $5,291,917 |
Property Taxes
Parcel Number
153781
Land Assessment
$2,502,157
Improvements Assessment
$2,789,760
Total Assessment
$5,291,917
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