1111 Neville St - Warehouse FOR SALE


Durham, NC 27701- Central Park
$6,200,000 USD
919-949-5672
1111 Neville St, Durham, NC for Sale
$6,200,000 USD
Warehouse - FOR SALE
1/34
null | 6.5% Cap Rate

1111 Neville St
Durham, NC 27701
Central Park


HIGHLIGHTS

  • ±23,000 SF leased long-term to Counter Culture Coffee (NNN) with remaining space providing near-term occupancy or lease-up potential
  • ±46,094 SF warehouse with 4 dock-high loading positions and covered loading area
  • Surrounded by residential neighborhoods where renovated and new construction homes routinely sell for $800,000 - $1,000,000
  • Immediate access to downtown amenities, Duke University & Medical Center, and key transportation corridors
  • Directly across from East End & Long Meadow Parks redevelopment
  • New TPO roof + wet sprinkler system

OVERVIEW

1111 Neville Street offers a rare opportunity to acquire a ±46,094 SF urban infill industrial warehouse in one of Durham’s fastest-evolving corridors. Approximately 23,000 SF is leased long-term to anchor tenant, Counter Culture Coffee, on a NNN lease with tiered rent and accelerated annual escalations, providing a strong income base. The remaining space is occupied by multiple tenants with short-term leases, allowing for owner-user occupancy or repositioning in the near term. The property is adjacent to the City of Durham’s planned $42M redevelopment of East End and Long Meadow Parks, further enhancing the area’s long-term growth trajectory. The surrounding neighborhood continues to see impressive home sale numbers, often exceeding prices of $900,000. Located just minutes from downtown Durham (±1.5 miles) and Duke University (±3.5 miles), 1111 Neville is well positioned for a buyer seeking an asset in the direct path of growth. Financials are available upon request with execution of an NDA.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$131 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

-

CLEAR CEILING HT

30 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.64

LAND SF

71,438

ZONING

IL

APN/PARCEL ID

110695

ASK ABOUT THIS PROPERTY

Carey GreeneSVN | Real Estate AssociatesMore Info
919-949-5672

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Carey GreeneSVN | Real Estate AssociatesMore Info
919-949-5672

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.