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1800 Martin Luther King Jr Pky
Durham, NC 27707 South Square

$195,000 USD

Medical Condo For Sale  •  1,000 SF

Property Details

  • Property Type Medical
  • Total Building Size 2,000 SF
  • Lot Size 2.52 AC
  • Building Class B
  • Year Built 1986
  • Tenancy Multiple
  • Zoning OI-1
35 Transit Score
66 Walk Score

1 Unit Available

Name Condo Use Size Price Details
2nd Floor - Unit 200 Office 1,000 SF $195,000 USD
  • Unit Size: 1,000 SF
  • Condo Use: Office
  • Price: $195,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $195.00 USD
Description
This prime end-unit 2nd-floor office suite in a high-traffic hub offers 1,000 SF of turnkey space with four offices, a meeting room, ½ bath, and a kitchenette with full-size refrigerator, sink, dishwasher, and cabinets. Upgrades include a new roof, crawl space improvements, LED lighting, windows, hardware, and fresh paint.

Currently leased through November 2027, the tenant pays $1,462.60/month, generating an NOI of $15,403.20 and a strong 7.89% cap rate, making it a solid investment opportunity.

With ample parking and proximity to major universities, RTP, and top amenities, this suite delivers visibility and convenience. Unit 100 on the first floor is also available for $225K.

Sale Notes
Tenant has two more years left on lease. November 2026 the tenants rent increases by 3%. Keep in mind - Tenant pays HOA quarterly of $450 directly. There is an assesment of $450 quarterly and Owners pay that directly.

Description 

Located in the heart of a high-traffic business and residential area, this end-unit office suite is a rare opportunity to own in one of the Triangle’s most dynamic markets. Bright, modern, and highly functional, the layout includes multiple private offices, an open work area, a kitchenette, a dedicated tech room, a full bathroom with shower on the ground floor, and a half bath on the upper level, ideal for medical, professional, or creative uses.

Extensively updated for immediate occupancy, the property features a new roof, LED lighting, fresh paint, new windows, and upgraded finishes throughout. With ample free parking, excellent street visibility, and close proximity to Duke, UNC, RTP, and RDU Airport, this suite delivers unmatched convenience and long-term value. Move quickly, opportunities like this don’t last!

Highlights

Prime End-Unit in a High-Traffic Market - Maximize exposure in one of the Triangle’s busiest business hubs.
Turnkey & Fully Updated - Move-in ready: new roof, lighting, paint, windows, and upgraded finishes.
Flexible, High-Function Layout - Perfect for medical, professional, or creative use with offices, open space, kitchenette, and baths.
Unmatched Access & Convenience - Minutes from Duke, UNC, RTP, and RDU, with ample parking and high street visibility.
Rare Ownership Opportunity - End-unit office suites like this rarely hit the market, act fast!

Property Flyers

Amenities

  • Bus Line
  • Conferencing Facility
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
12 min - 5.0 mi
AirportDriveWalkDistance
Raleigh-Durham International 26 min - 14.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
Vandan Gandhi, CCIM 919-475-5769 KW Commercial
Vandan Gandhi, CCIM 919-475-5769 KW Commercial