About This Home
This 0-bedroom, 2-bathroom commercial at 1511 E Geer Street in Durham, NC is listed for $249,900 ($131 per sqft). Built in 1920, the home offers 1,911 sqft of living space on a 0.53 acres lot.
Key Features
- Built in 1920
- 0.53 acre lot
Property Details
Redevelopment opportunity consisting of two adjoining parcels at 1509 and 1511 E. Geer Street, offered together as an approximately 0.88-acre commercial assemblage with roughly 125 feet of combined road frontage. Zoned CG-Commercial General-the property offers potential for office, medical/dental, neighborhood retail, mixed-use or multifamily development, subject to applicable standards and governmental approvals.
The assemblage provides convenient access to I-885, Downtown Durham, RTP, Duke University and major employment centers throughout the Triangle. The existing structure is damaged, conveys strictly As-Is, the combined land and redevelopment potential. Buyer should independently verify zoning, permitted uses, utilities, access, survey, acreage, floodplain, stream and riparian buffers, stormwater requirements and overall development feasibility with Durham City-County Planning and other appropriate professionals.
Monthly Cost Estimate
$1,337/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1511 E Geer Street
Durham, NC 27704
Property Details
Construction
Questions & Answers
This 0-bedroom, 2-bathroom commercial at 1511 E Geer Street is listed at $249,900 ($131/sqft). The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1920, 0.53 acre lot.
This property is listed by Stephan Jackson and can be reached at 9192289247.