1955 W Cornwallis Rd
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1955 W Cornwallis Rd
22,158 SF Specialty Building Offered at $4,500,000 in Durham, NC 27705
INVESTMENT HIGHLIGHTS
- Close to Downtown Durham, Duke University, and booming South Durham.
- Easy access to all major interstates and highways
- Surrounded by numerous amenities at South Square, University Hill, Patterson Place, University Tower
- Potential for Multi-Family Development with Structured Parking. See Site Plan slides for more details.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS Under Contract
| Price | $4,500,000 | Lot Size | 4.95 AC |
| Price Per SF | $203.09 | Building Size | 22,158 SF |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Redevelopment Project | Year Built | 1975 |
| Property Type | Specialty | Tenancy | Single |
| Property Subtype | School | Parking Ratio | 1.44/1,000 SF |
| Building Class | C |
| Price | $4,500,000 |
| Price Per SF | $203.09 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 4.95 AC |
| Building Size | 22,158 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Tenancy | Single |
| Parking Ratio | 1.44/1,000 SF |
AMENITIES
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 121305 | Improvements Assessment | $3,160,687 |
| Land Assessment | $161,187 | Total Assessment | $3,321,874 |
PROPERTY TAXES
Parcel Number
121305
Land Assessment
$161,187
Improvements Assessment
$3,160,687
Total Assessment
$3,321,874
ZONING
| Zoning Code | RS-10 (Residential) |
| RS-10 (Residential) |
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1955 W Cornwallis Rd
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