1955 W Cornwallis Rd - Schools FOR SALE


Durham, NC 27705
$4,500,000 USD
919-730-8719
1955 W Cornwallis Rd, Durham, NC for Sale
$4,500,000 USD
Schools - FOR SALE
1/1
null | Request Cap Rate

1955 W Cornwallis Rd
Durham, NC 27705


HIGHLIGHTS

  • Close to Downtown Durham, Duke University, and booming South Durham.
  • Surrounded by numerous amenities at South Square, University Hill, Patterson Place, University Tower
  • Easy access to all major interstates and highways
  • Potential for Multi-Family Development with Structured Parking. See Site Plan slides for more details.

OVERVIEW

Maverick Partners is pleased to present 1955 W. Cornwallis Road for sale. The site is occupied by The Community School of Digital and Visual Arts (formerly known as The Carter School), a public charter school dedicated to providing quality education to students in grades K-8 since it establishment in 1998 with plans to relocate. The highest and best use cases for the 4.9 acre site include but are not limited to developing multi-family if rezoned to RU-M or repurposing the 22,158 SF building built in 1975. Excellent access along amenity-dense US Hwy 15-501, NC Hwy 147, I-85, and I-40 providing quick commutes to Duke University, Downtown Durham, Research Triangle Park and Chapel Hill.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

4.95 AC

LAND SF

215,622 SF

ZONING

RS-10

APN/PARCEL ID

121305

ASK ABOUT THIS PROPERTY

Brad WieseMaverick Partners Realty Services, IncMore Info
919-730-8719

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Brad WieseMaverick Partners Realty Services, IncMore Info
919-730-8719

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