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S. Miami Blvd Assemblage 2 Properties Offered at $5,995,000 in Durham, NC
Investment Highlights
- Built in 1986, the buildings were renovated in 2011 and include a waiting area with private offices, garage/shop space, and 11 roll-up doors
- Direct access to US 70 with close proximity to I-85/I-885, connecting to downtown Durham and RTP
- Gas-pack heat or oil can be used by both tenants
- Front half of the property is zoned CG - upon adoption of the new Land Development Code (LDC), the entire property is proposed to be rezoned CH
Executive Summary
The property located at 1426 S. Miami Boulevard and 1408 Marly Drive is a ±2.40-acre site with two commercial buildings, totaling ±22,998 SF. The improvements are utilized as automotive sales and service centers, Moaven Automotive and Gerber Collision & Glass. This sale also includes 1500 S. Miami Blvd, a ±0.2-acre fenced parking lot.
Property Facts
| Price | $5,995,000 | Number of Properties | 3 |
| Price / SF | $432.04 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 13,876 SF |
| Status | Active | Total Land Area | 2.04 AC |
| Price | $5,995,000 |
| Price / SF | $432.04 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 13,876 SF |
| Total Land Area | 2.04 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1500 S Miami Blvd, Durham, NC 27703 | Land | 0.20 AC | - | - |
|
Building 2
1426 S Miami Blvd, Durham, NC 27703 |
Retail | 13,876 SF | 1986 | - |
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