Durham, North Carolina, offers a diverse range of Retail Properties For Sale, with 16 available listings. Investing in Retail Properties in Durham can be a lucrative opportunity, as the city's strong economy, driven by the healthcare and pharmaceutical industries, provides a solid foundation for businesses to thrive. Retail Properties can represent a variety of investments, from strip centers and shopping malls to freestanding buildings and mixed-use developments. Durham's amenities, infrastructure, location, education, and geography make it an attractive place to invest in Retail Properties. The city is home to institutions like Duke University and North Carolina Central University, which attract a diverse population of students, faculty, and staff. Additionally, Durham's downtown area has undergone revitalization efforts, attracting businesses, startups, and cultural venues. The city's proximity to major transportation facilities, including the Raleigh-Durham International Airport and the Amtrak station, makes it easily accessible. Durham's Research Triangle Park, a major hub for technology and innovation, is also a significant draw for businesses and investors.
Durham's Retail Properties offer a unique opportunity to tap into the city's growing economy. With an average price per square foot of $558 USD and an average size of 6,655 square feet, Retail Properties in Durham can be a valuable addition to any investment portfolio. The city's largest Retail Property available for sale spans 19,600 square feet, offering ample space for businesses to operate. In addition to Retail Properties, Durham also offers a range of other property types, including Shopping Centers, Restaurants, Office Properties, and Hotels. Shopping Centers in Durham provide a convenient location for retailers, with easy access to major transportation facilities. Restaurants in Durham benefit from the city's growing population of students, faculty, and staff, as well as its thriving arts and cultural scene. Office Properties in Durham offer a range of options for businesses, from Class A office space to coworking facilities. Hotels in Durham cater to the city's many visitors, including business travelers and tourists. Overall, Durham's Retail Properties offer a unique opportunity to invest in a growing economy with a strong foundation in healthcare, education, and innovation.
What is the average cap rate for retail properties in Durham?
When it comes to retail properties in Durham, investors can expect an average cap rate of 6.28%. For those new to commercial real estate investing, it's essential to understand what a cap rate is - check out our article on what is a cap rate to learn more about this critical metric.
How do location and foot traffic affect retail property values?
In Durham, North Carolina, the location and foot traffic of a retail property significantly impact its value. Properties situated in high-demand areas with heavy foot traffic, such as the American Tobacco Historic District, downtown corridor, or near Duke University, tend to command higher prices, with an average price per square foot of $558 USD and average size of 6,655 square feet, compared to those in less trafficked areas.
