3171 Hillsborough RdDurham, NC 27705

For Sale
$3,950,000
18,897 SF Flex Space, $3.95M

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 18,897 square foot flex building in Durham, NC, presents a compelling investment opportunity. Situated on a 0.83-acre lot at 3171 Hillsborough Road, 27705, this single-story, 2000-built property boasts a prime location in West Durham, close to downtown and Duke University. Currently leased to two tenants under triple-net leases (landlord responsible for roof and structure only), the property offers significant upside potential. The front retail space is leased below market rate, providing a future opportunity to increase rental income. The rear warehouse space is leased to an affiliated tenant with a short-term leaseback agreement, offering flexibility for a future owner-occupant. The property features one loading dock and one dock-high door, and is zoned Industrial Light (IL). The APN is 119629. This is an ideal investment for those seeking a strong cash flow with significant long-term growth potential in a rapidly developing area. Financial details are available upon request.

Highlights

  • 18,897 SF flex building in Durham, NC on a 0.83-acre lot.
  • Located at 3171 Hillsborough Road, 27705, in West Durham near downtown and Duke University.
  • Single-story building constructed in 2000, currently leased with triple-net leases (landlord responsible for roof and structure).
  • Features one loading dock and one dock-high door; zoned Industrial Light (IL).
  • Offers significant upside potential due to below-market retail lease and short-term leaseback on warehouse space.

Property Details for 3171 Hillsborough Rd

Property type
Industrial properties, Flex space
Square Feet
18,897 SF
Year Built
2000
Buildings
1
Stories
1
Lot Size (sq. ft)
36,155 SF

Location Insight

City
Durham
County
Durham
State
North Carolina
Latitude
36.017826790799
Longitude
-78.942175657943
3171 Hillsborough Rd, Durham, North Carolina

FAQs

What type of property is this?
Industrial property - 18,897 SF Flex Space, $3.95M
Where is the industrial property located?
The property is located at 3171 Hillsborough Rd Durham, NC.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 18,897 SF flex building in Durham, NC on a 0.83-acre lot.; Located at 3171 Hillsborough Road, 27705, in West Durham near downtown and Duke University.; Single-story building constructed in 2000, currently leased with triple-net leases (landlord responsible for roof and structure).
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3171 Hillsborough Rd
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