1955 Cornwallis RdDurham, NC 27705

For Sale
$4,500,000
Prime Durham location, 22,158 SF building, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 4.9-acre commercial property at 1955 West Cornwallis Road in Durham, North Carolina, presents a unique investment opportunity. The property features a 22,158 square foot building constructed in 1975, currently vacant, and zoned RS-10. Its strategic location offers excellent access to major thoroughfares, including Highway 15-501, Highway 147, I-85, and I-40, ensuring convenient commutes to Duke University, downtown Durham, Research Triangle Park (RTP), and Chapel Hill. The property's proximity to Duke University and the thriving South Durham area adds significant value. The existing building provides immediate potential for repurposing, while the expansive lot size allows for substantial redevelopment opportunities, including the possibility of a multi-family community with structured parking, subject to rezoning. This property is ideally situated near numerous amenities in South Square, University Hill, Patterson Place, and University Tower, enhancing its appeal and potential for future development. The asking price for this exceptional property is $4,500,000. This is a rare chance to acquire a significant piece of Durham real estate with high potential for future growth and return on investment.

Highlights

  • Adjacent to Duke University.
  • Prime location near Downtown Durham, Duke University, and South Durham.
  • Multi-family development potential with structured parking.
  • Excellent highway access; minutes to Downtown Durham and RTP.
  • Surrounded by numerous amenities in South Square, University Hill, Patterson Place, and University Tower.

Property Details for 1955 Cornwallis Rd

Property type
Land, Industrial properties
Square Feet
22,158 SF
Year Built
1975
Lot Size (sq. ft)
213,444 SF

Location Insight

City
Durham
County
Durham county
State
North Carolina
Latitude
35.9812323
Longitude
-78.9553962
1955 Cornwallis Rd, Durham, North Carolina

FAQs

What type of property is this?
Land - Prime Durham location, 22,158 SF building, redevelopment potential.
Where is the land located?
The property is located at 1955 Cornwallis Rd Durham, NC.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Adjacent to Duke University.; Prime location near Downtown Durham, Duke University, and South Durham.; Multi-family development potential with structured parking.
How can I contact the broker?
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1955 Cornwallis Rd
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