Shopping Strip
1810 MLK Parkway (Value-Add)
1810 Martin Luther King Jr Pkwy, Durham, NC 27707
Listing Price: $2,550,000
Cap Rate
4.85%
Gross SF
16,650
Rentable SF
16,650
Price/Gross SF
$153.15
Lot Size
1.53 acres
Year Built
1995
Investment Overview
Marcus & Millichap is pleased to present for sale a 16,650 square foot retail/flex building located in Durham, North Carolina.
1810 MLK Parkway (Value-Add)
Investment Highlights
- 16,650 Square Foot Multi-Tenant Retail/Flex Building
- South Durham Location Near Target, Sam's Club, Harris Teeter, At Home, Fresh Market, Chick Fil A, and More
- Three Drive-In Bays With Roll Up Door | Potential Future Upside
- Commercial Center (CC) Zoning | Multiple Allowed Uses
- High Median Household Income of $129,165 in 3-mile Radius
- 50%+ of GLA Has 5 Years Remaining on Lease With 2 Five-Year Options
- Versatile Space | Two Spaces Include Interior Mezzanine and Back Bays For Flex Use
- Strategic Location | Prime Real Estate In Growth Sector | 5-Miles to Downtown Durham
Listing Price: $2,550,000
Cap Rate
4.85%
Gross SF
16,650
Rentable SF
16,650
Price/Gross SF
$153.15
Lot Size
1.53 acres
Year Built
1995
Investment Highlights
- 16,650 Square Foot Multi-Tenant Retail/Flex Building
- South Durham Location Near Target, Sam's Club, Harris Teeter, At Home, Fresh Market, Chick Fil A, and More
- Three Drive-In Bays With Roll Up Door | Potential Future Upside
- Commercial Center (CC) Zoning | Multiple Allowed Uses
- High Median Household Income of $129,165 in 3-mile Radius
- 50%+ of GLA Has 5 Years Remaining on Lease With 2 Five-Year Options
- Versatile Space | Two Spaces Include Interior Mezzanine and Back Bays For Flex Use
- Strategic Location | Prime Real Estate In Growth Sector | 5-Miles to Downtown Durham
Investment Overview
Marcus & Millichap is pleased to present for sale a 16,650 square foot retail/flex building located in Durham, North Carolina.
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