S. Miami Blvd Assemblage FOR SALE


Durham, NC - Bethesda
$5,995,000 USD
919-287-3219
, Durham, NC for Sale
$5,995,000 USD
FOR SALE
1/29
null | 5.96% Cap Rate

S. Miami Blvd Assemblage
Durham, NC
Bethesda


HIGHLIGHTS

  • Built in 1986, the buildings were renovated in 2011 and include a waiting area with private offices, garage/shop space, and 11 roll-up doors
  • Gas-pack heat or oil can be used by both tenants
  • Direct access to US 70 with close proximity to I-85/I-885, connecting to downtown Durham and RTP
  • Front half of the property is zoned CG - upon adoption of the new Land Development Code (LDC), the entire property is proposed to be rezoned CH

OVERVIEW

The offering includes 1426 S. Miami Boulevard, 1408 Marly Drive, and 1500 S. Miami Boulevard, totaling ±2.51 acres. The property features two commercial buildings totaling ±22,998 SF, currently occupied by Moaven Automotive and Gerber Collision and Glass, plus a ±0.20-acre fenced parking lot. Near-term lease expirations offer flexibility for an owner-user or value-add potential through lease renewals.

ASK ABOUT THIS PROPERTY

Whit BrannonSVN | Real Estate AssociatesMore Info
919-287-3219

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Whit BrannonSVN | Real Estate AssociatesMore Info
919-287-3219

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