3171 Hillsborough RdDurham, NC 27705
- Industrial properties
- 18,897 SF
Property Details for 3171 Hillsborough Rd
- Year built
- 2000
- Lot size
- 0.83 AC
- Property size (Sq ft)
- 18,897 SF
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
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.
Location Insight
- City
- Durham
- County
- Durham
- State
- North Carolina
- Latitude
- 36.0178
- Longitude
- -78.9422
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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