Address
5210 Garrett Road, Durham, NC
Price
$ 1,880,000
Property Attributes
- ID#2489561
- TypeCommercial
- CountyDURHAM
- CityDurham
- AreaDurham
- Zip27707
- Style
- Year Built1997
- Taxes$ 5013
- Price$ 1,880,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.48 Acres
Data Source:
Triangle MLS (TMLS)
Property Description
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.
| Price History | |
|---|---|
| 1/9/2023 | Listed $3,900,000 |
| 3/31/2023 | 50% - $1,980,000 |
| 2/13/2024 | 6% - $1,880,000 |
General Features
| 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 | No |
| Property Type | Commercial Sale |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Garage Y/N | No |
| 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 |
| ModificationTimestamp | 2024-05-07T06:33:15.000Z |
| City | Durham |
| Buyer Agent Compensation | 2.40 |
| View Y/N | No |
| Senior Community Y/N | No |
| Total Units | 1 |
| Lot Size Square Feet | 20908.8 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Garrett |
| Property Attached Y/N | No |
| Tax Annual Amount | 5013 |
| Lease Considered Y/N | No |
| Days on Market | 485 |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | Road |
| Below Grade Finished Area Unit Type | Square Feet |
| Above Grade Finished Area Unit Type | Square Feet |
| Living Area Units | Square Feet |
Exterior Features
| Lot Size Area | 20908.8 |
|---|---|
| Spa | No |
| 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 | No |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 27707
Price
Taxes
Visits
Year Built
Walkscore
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