5210 Garrett Road Durham, NC $ 1,880,000
5210 Garrett Road
$ 1,880,000
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5210 Garrett Road

Durham, NC, 27707
$ 1,880,000
Baths0.0

Monthly Estimate*

$ 13,132

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Studio

Commercial Property for sale in Durham, NC

for $1,880,000. This building was built in 1997 on a lot size of 0.48.

PRICE IMPROVEMENT - $100k! This ~ 1/2 acre Hope Valley area property has served as the home of China Palace restaurant since 1997. The property sees high visibility from the road being situated on a major street corner at the intersection of Garrett Road & Old Chapel Hill Road-- NCDOT traffic data found in agent remarks & MLS documents. Located about midway between Duke & UNC universities. About 1800 sf of dry storage area below grade. Approx. 15 or so parking spaces in its current configuration-- likely spaces for 18-19 in total. Electric Vehicle charging business opportunity may be possible. See agent remarks and documents section for more information.

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Commercial Active

Price

$ 1,880,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,013

Style

Lot Size

0.48

Year Built

1997

Town/City

Durham

County/Region

Durham

MLS | Web ID

2489561

Features
General
Interior Features Entrance Foyer
Heating Natural Gas
Utilities Electricity Available Sewer Available Water Available
Roof Other
Construction Materials Brick
Year Built 1997
Stories 1
Building Name China Palace
County Durham
New Construction N
Property Type Commercial Sale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
Directions I-40. Exit 274 onto Hwy 751. in 1.1 miles turn left on Garrett Rd. In 2.1 miles turn left on Old Chapel Hill Road (University Rd. is on the right) and restaurant is immediately on the right on the
City Durham
Buyer Agent Compensation 2.40
View Y/N N
Senior Community Y/N N
Total Units 1
Lot Size Square Feet 20908.8
Waterfront Y/N N
Carport Y/N N
Street Name Garrett
Property Attached Y/N N
Tax Annual Amount 5013
Lease Considered Y/N N
Days on Market 485
Building Area Units Square Feet
Standard Status Active
Buyer Agent Compensation Type %
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Exterior
Lot Size Area 20908.8
Spa N
Building Area Total 1804
Lot Dimensions 173 x 164 x 122 x 52 x 85
Lot Size Acres 0.48
Lot Size Units Square Feet
Road Frontage Type 6 Lane Road
Open Parking Y/N N
Horse Y/N N
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Interior
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Road
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Living Area Units Square Feet
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* Excluded Features
List By
Tip Iuliucci

Listing Agent

Northside Realty Inc.

Broker

Affordability Calculator

$13,550
Per Month
97%
3%
0%
Monthly Principal & Interest
$13,132
Monthly Property Taxes
$418
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
343702 Elementary School
343439 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/13/2024$1,880,000 -5.05% Price Down
3/31/2023$1,980,000 -49.23% Price Down
1/9/2023$3,900,000 Listed Price

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5210 Garrett Road, Durham, NC, 27707 is a Commercial Property for sale at $1,880,000 with a lot size of 0.48. 5210 Garrett Road is a studio with 0.0 baths and was built in 1997. The property's zip code is 27707 which is in Durham, NC