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$1,400,000

  • Sold
  • Closed
  • Business
  • 1,804 Sq. Ft.
  • 0.48 Acres
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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.

Full Property Details for 5210 Garrett Rd

General

  • Sold For: $1,400,000
  • Taxes: $5,130
  • Status: Closed
  • Type: Business
  • Source: 2218
  • MLS ID: 10041504
  • Added to Site: 589 day(s) ago

Interior

  • Interior Features: Entrance Foyer

Location

  • County: Durham
  • Building Name: China Palace
  • Driving 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 NW corner of Garrett & Old Chapel Hill Rd.
  • City Limits: Yes

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Utility Description: Electricity Available, Sewer Available, Water Available

Structural Information

  • Exterior Const.: Brick
  • Roof: Other
  • Stories/Levels: 1
  • Building Size: 1804
  • Square Feet: 1,804
  • Year Built: 1997

Lot Features

  • Lot Size (Acres): 0.48
  • Lot Size (Sq. Ft.): 20,908.8
  • Lot Dimensions: 173 x 164 x 122 x 52 x 85
  • Frontage: 6 Lane Road

Financial Considerations

  • Price Per Acre: $3,916,666.67
  • Tax Amount: $5,130

Disclosures and Reports

  • Special Conditions: Standard
  • Lot Number: 1

Listed by Northside Realty Inc., Tip Iuliucci (919) 628-4663 and Northside Realty Inc., Paul Kreader
Sold by Non Member Office, Non Member

Listing agents

— 5210 Garrett Rd —

  • Tip Iuliucci

    Northside Realty Inc.

  • Paul Kreader

    Northside Realty Inc.

Get Pre-Approved Today

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NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5210 Garrett Rd

School District:Durham Public Schools
NameGradesDistance
Creekside Elementary, Durham, NC
5321 Ephesus Church Road, Durham, NC 27707
K-51.9 mi
Sherwood Githens Middle
4800 Chapel Hill Road, Durham, NC 27707
6-81.9 mi
Charles E Jordan Sr High School
6806 Garrett Road, Durham, NC 27707
9-121.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5210 Garrett Rd

Date
Details
Price
Change
Source
8/12/2024
Sold
$1,400,000
-25.53%
MLS
7/15/2024
Listed
$1,880,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Northside Realty Inc., Tip Iuliucci (919) 628-4663 and Northside Realty Inc., Paul Kreader
Sold by Non Member Office, Non Member

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5210 Garrett Road, Durham, NC 27707 (MLS# 10041504) is a Business property that was sold at $1,400,000 on August 12, 2024. Want to learn more about 5210 Garrett Road? Do you have questions about finding other Business real estate for sale in Durham? You can browse all Durham real estate or contact a Coldwell Banker agent to request more information.