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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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 Income
$6,148,786
Hospitality / Lodging
$5,632,254
Institutional / Educational
$4,685,970
Healthcare / Senior Housing
$4,847,128
Retail / Commercial
$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
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Meridian Pkwy Durham, NC 27713
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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