Office Space - For Sale
2224 North Carolina 54 Durham, NC 27713
Details & Description
Price: $12,250,000
  • Property Type Office for Sale : Professional
  • Lot Size Acres 14.820
  • Building Sq Ft 151,464
  • Building Price per Sq Ft $80.88
  • Land Sq Ft 645,559
  • Land Price per Sq Ft $18.98
Paradigm Park is a 2 building, 151,464 RSF Class A office building portfolio. The buildings are located in the RTP - Durham submarket. Both buildings, the Alpha Building and Beta Building total approximately 75,732 RSF and are four floors each. The buildings sit on a 14.82-acre site zoned O&I-2. Built in 1989 with renovations to the Beta Building in 2018. Target buyer is an owner-occupant or investor.HighlightsTwo 4-story Class A buildings totaling 151,464 RSFLocated in the RTP - Durham submarketBuildings total ±75,732 RSF each14.82 acre siteZoned O&I-2Built in 1989 with renovations to the Beta Building in 2018Target buyer is an owner-occupant or investorAsking Price: $16,100,000
Listing Agents
Jimmy Barnes

O: 919-714-7123
jbarnes@naicarolantic.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

2224 North Carolina 54

Durham, NC 27713

Listing ID: 190195
$12,250,000
For Sale
  • Property Type Office for Sale : Professional
  • Lot Size Acres 14.820
  • Building Sq Ft 151,464
  • Building Price per Sq Ft $80.88
  • Land Sq Ft 645,559
  • Land Price per Sq Ft $18.98
  • 2224 North Carolina 54 Durham, NC 27713 | for Sale | Photo 1
  • 2224 North Carolina 54 Durham, NC 27713 | for Sale | Photo 2
2224 North Carolina 54 | for Sale | Thumbnail 1
2224 North Carolina 54 | for Sale | Thumbnail 2
Description

Paradigm Park is a 2 building, 151,464 RSF Class A office building portfolio. The buildings are located in the RTP - Durham submarket. Both buildings, the Alpha Building and Beta Building total approximately 75,732 RSF and are four floors each. The buildings sit on a 14.82-acre site zoned O&I-2. Built in 1989 with renovations to the Beta Building in 2018. Target buyer is an owner-occupant or investor.

Highlights

Two 4-story Class A buildings totaling 151,464 RSF

Located in the RTP - Durham submarket

Buildings total ±75,732 RSF each

14.82 acre site

Zoned O&I-2

Built in 1989 with renovations to the Beta Building in 2018

Target buyer is an owner-occupant or investor

Asking Price: $16,100,000

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Durham History of Office Space for Sale

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Durham Area Market Trends

Listing Demographics for 2224 North Carolina 54 Durham, NC 27713

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population4,77241,467114,311
Population Median Age343636
Population by Age0-9 Yrs661 (13%)5440 (13%)16190 (14%)
10-19 Yrs418 (8%)4504 (10%)12401 (10%)
20-29 Yrs1029 (21%)6289 (15%)16861 (14%)
30-39 Yrs988 (20%)8487 (20%)22689 (19%)
40-49 Yrs649 (13%)6113 (14%)16763 (14%)
50-59 Yrs381 (7%)4461 (10%)12142 (10%)
60-69 Yrs407 (8%)3898 (9%)10891 (9%)
70+ Yrs240 (5%)2276 (5%)6374 (5%)
Median HH Income$56,283$75,257$76,652
Total Household Income< 24K448 (21%)2324 (13%)5895 (12%)
25-49K488 (23%)3131 (17%)8878 (18%)
50-74K353 (16%)3377 (19%)8697 (18%)
75-99K374 (17%)2722 (15%)6954 (14%)
100-199K382 (18%)4883 (27%)13136 (27%)
200K+45 (2%)1283 (7%)4299 (8%)
Highest Education LevelNo Diploma31017914369
Diploma or GED42029968875
Some College621462812416
Assoc. Degree28922395183
Bachelors Degree975990526823
Higher Degree728791622081
Total Housing Units2,17218,67151,176
--Owner-Occupied6899,14725,381
--Renter-Occupied1,4018,57222,478
Owner-Occupied Values< 100K312181185
100-199K26931147635
200-299K36538298694
300-399K1912304090
400-499K04481868
500K+53071908
Total Working Age Population3,81633,06690,349
In Work Force3,06525,60468,684
Not In Work Force7517,46321,665
Workforce Employed2,92524,46465,490
Workforce Unemployed1401,0823,080
Civlian Workforce3,06525,54668,570
Military Workforce057114
Total Households2,09017,71947,859
Family Households92410,34428,803
Non-Family Households1,1667,37419,056
Married Couple5197,47920,854
Other Family4052,8667,949
Married w/Child2073,1209,643
Single Male w/Child604751,047
Single Female w/Child2171,3663,602

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
North Carolina8,049,313+189,535,483+1210,647,005+1111,847,719
Chatham County49,329+2963,505+2378,040+2395,788
Wake County627,846+44900,993+241,119,165+211,351,791
Durham County223,314+20267,587+20320,933+14367,357

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Raleigh Durham International Airport (RDU) 6
Piedmont Triad International Airport (GSO) 60
Roanoke–Blacksburg Regional Airport (ROA) 115