907 Miami BlvdDurham, NC 27703

Property Details for 907 Miami Blvd

Year built

2000

Lot size

1.38 AC

Property size (Sq ft)

32,462 SF

Zone code

CG

Property type

Retail space

APN

120903

APU

120903

Description

Village Plaza, located at 907 N. Miami Blvd in Durham, North Carolina (zip code 27703), offers a significant retail leasing opportunity. This single-building property encompasses a total of 32,747 square feet and features a large, contiguous vacant space of 24,247 square feet. Previously occupied by a Dollar Tree, this expansive storefront presents a unique chance for a variety of retail businesses. The property is zoned Commercial General (CG) and boasts abundant on-site parking, ensuring convenient access for customers. The building itself does not include elevators. The property's APN is 120903, and it's situated in Durham County. This prime location in east Durham offers high visibility and accessibility, making it an ideal space for a business seeking significant square footage and ample parking. The available space is perfect for a large-scale retailer or a business requiring extensive floor space. This is a multi-tenant property, offering the potential for synergy with other businesses. The property's size and location make it a compelling option for businesses seeking to establish a strong presence in the Durham market.

• CAP approach

  CAP return

  Valuation

  6%

  $9,564,191

  6.5%

  $8,828,484

  7%

  $8,197,878

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,777,346

  Geo Method

  $18,777,346

• Alternative Use

  Use

  Valuation

  Residential

  $7,447,156

  Hospitality

  $6,821,555

  Educational

  $5,675,454

  Medical

  $5,870,642

  Retail

  $8,828,484

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

35.9906

Longitude

-78.8681

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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