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Listed by Fathom Realty NC, LLC
$ 249,900
Est. payment | /mo
2 Baths
1,911 SqFt
$ 249,900
Est. payment | /mo
2 Baths
1,911 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 1,911 sqft
Price per Sqft $130
MLS Listing ID 10186599
HOA Y/N No
Year Built 1920
Annual Tax Amount $1,887
Lot Size 0.530 Acres
Acres 0.53
Lot Dimensions Need survey
Property Sub-Type Office
Source Doorify MLS
Land Area 1911
Property Description
Redevelopment opportunity consisting of two adjoining parcels at 1509 and 1511 E. Geer Street, offered together as an approximately 0.88-acre commercial assemblage with roughly 125 feet of combined road frontage. Zoned CG—Commercial General—the property offers potential for office, medical/dental, neighborhood retail, mixed-use or multifamily development, subject to applicable standards and governmental approvals. The assemblage provides convenient access to I-885, Downtown Durham, RTP, Duke University and major employment centers throughout the Triangle. The existing structure is damaged, conveys strictly as-is and is expected to require demolition; the primary value is in the combined land and redevelopment potential. Buyer should independently verify zoning, permitted uses, utilities, access, survey, acreage, floodplain, stream and riparian buffers, stormwater requirements and overall development feasibility with Durham City-County Planning and other appropriate professionals.
Location
State NC
County Durham
Area 0.53
Zoning GC
Interior
Fireplace No
Exterior
Exterior Feature None
Garage No
Building
Lot Description Sloped
New Construction No
Others
Tax ID 159762
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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