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2405 & 2419 E Cornwallis Road
Durham, NC 27713
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 2.79 acres <ul><li>Two parcels of land for sale off of E Cornwallis Road in Durham</li><li>RS-20 Zoning: Residential Suburban District; Established to provide for order suburban residential development and redevelopment</li><li>Convenient access to Highway 55 and Interstate 40</li><li>Just 3 miles from Research Triangle Park, one of the nation’s premier hubs for innovation and business</li><li>13,000 vpd (2023) on E Cornwallis Road</li><li>Submarket: Research Triangle</li><li>±2.79 acres available</
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
