2500 Meridian PkwyDurham, NC 27713

Property Details for 2500 Meridian Pkwy

Year built

1990

Lot size

4.52 AC

Property size (Sq ft)

25,982 SF

Zone code

CN(D)

Property type

Office properties

Property subtype

Office buildings

APN

154341

APU

154341

Description

This exceptional Class A retail space, located within the prestigious Meridian Corporate Park in South Durham, NC, presents a unique investment opportunity. The property, situated at 2500 Meridian Pkwy, Durham, NC 27713, boasts a total of 26,680 square feet across a single, one-story building on a generous 4.518-acre lot. Built in 1990 and extensively renovated in 2019, the property offers a modern and attractive environment for businesses. Currently, 2,703 square feet of retail space is available for lease. This space is ideally suited for a food and beverage establishment seeking a vibrant and established location. The design features a trendy aesthetic, incorporating exposed ceilings, concrete flooring, and large garage doors that open to create inviting outdoor seating. The property benefits from its location within Durham County's thriving South Durham submarket, and enjoys excellent visibility and accessibility. This space is strategically positioned adjacent to successful businesses, including Tobacco Wood Brewing Company and Chef Chick's European Bakery, creating a synergistic and complementary environment for potential tenants. The property's prime location and modern design make it an exceptional opportunity for a discerning business seeking a high-impact presence in a dynamic market.

• CAP approach

  CAP return

  Valuation

  6%

  $5,371,923

  6.5%

  $4,958,698

  7%

  $4,604,506

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,963,908

  Geo Method

  $5,963,908

• Alternative Use

  Use

  Valuation

  Residential

  $6,148,786

  Hospitality

  $5,632,254

  Educational

  $4,685,970

  Medical

  $4,847,128

  Retail

  $7,289,286

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

35.9114

Longitude

-78.894

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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