Opportunity to acquire an iconic landmark 17-story tower on 5.88 acres in Durham at only $64.52 per SF. The pricing at $7 million below appraisal and approximately 10% of replacement cost, offers investors or users lucrative opportunities as reenergized office space. Additionally, the low basis, spectacular views and iconic visibility offer investors profitable future adaptive reuse opportunities including residential, mixed-use, hotel, and medical uses.
Located directly between downtown Durham and Chapel Hill, the tower has immediate access to I-40 and NC-15-501 and benefits from Duke University, UNC Chapel Hill, Research Triangle Park, and RDU International Airport. This central position connects it to the Triangle’s most powerful economic engines, top-tier universities, major healthcare systems, and a rapidly growing residential population. The visibility from I-40 and the building’s commanding presence make it a beacon for business and branding unlike anything else in the market.