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Listed by Century 21 Triangle Group
$ 730,000
Est. payment | /mo
2,640 SqFt
$ 730,000
Est. payment | /mo
2,640 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,640 sqft
Price per Sqft $276
MLS Listing ID 10068825
HOA Y/N No
Year Built 1980
Annual Tax Amount $2,325
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions no Representation
Property Sub-Type Mixed Use
Source Doorify MLS
Land Area 2640
Property Description
Exceptional investment opportunity in Durham's thriving market. This property is secured with a tenant paying $5,500/month on a 5-year Double Net (NN) lease, delivering a 7.5% cap rate with no landlord responsibilities beyond structure. Automotive and light industrial spaces remain in high demand, and the scarcity of body shop-ready properties in Durham makes this asset highly attractive. Its prime location in a high-traffic corridor ensures excellent visibility, strong tenant demand, and long-term appreciation potential.
Location
State NC
County Durham
Area 0.23
Interior
Fireplace No
Exterior
Garage No
Building
New Construction No
Others
Acceptable Financing Cash, Conventional, Private Financing Available
Listing Terms Cash, Conventional, Private Financing Available
Schools and Properties Nearby
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