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2410 Angier Ave

Durham, NC 27703

$879,500

Auto Repair For Sale  •  4,000 Sq Ft

Property Details

  • Property Type Auto Repair
  • Total Building Size 4,000 Sq Ft
  • Lot Size 0.41 ac
  • Building Class C
  • Year Built 1987
  • Cap Rate 3.78 %
  • Tenancy Multiple
  • Zoning IL
32 Transit Score
41 Walk Score

Description

Low rise block construction multi-bay auto repair and body shop facility. Site fenced on the North, East and South sides of bldg.
Current tenant current in a M-T-M lease would prefer a 5yr. lease with new owner, due to established business. Tenant occupies bays 1 and 4. Owner uses some parking spaces for retail auto sales. Hydraulic lift in bay 3 conveys with property. Tenants in Gross leases without escalations in rents. Private and public capital investment in this corridor which benefits from 6300 vpd. originating on
Miami Blvd. with turnoffs at Ellis Rd., Pettigrew St. enroute West to Alston Avenue.

Highlights

Potential for redevelopment with assemblage of additional parcel adjacent to subject site. Second generation bldg.
Commercial corridor offering multiple vehicle service sites. Re-adaptive use potential.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $33,271 (2017)
Cap Rate: 3.78 %
Total Expenses: $9,929

Major Tenants

Tenant SF Occupied Lease End Date
Derrick Burnette Enterprise, Inc. 1,800 SF
Los Paisanos Body Work 1,800 SF

Amenities

  • Bus Line
  • Fenced Lot

Public Transportation

AirportDriveWalkDistance
Raleigh-Durham International Airport 17 min - 13.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes
Wendell Bullard 919-621-6953 Bullard Properties, L.L.C
Wendell Bullard 919-621-6953 Bullard Properties, L.L.C