1015 Ellis Road, Durham, NC for sale

Investment Overview

Positioned at the heart of one of the Triangle’s most dynamic growth corridors, 1015 Ellis Road offers a rare opportunity to own a versatile, income-producing industrial property in South Durham. The three-building property sits on 0.74 acres with Industrial zoning and encompasses four occupiable/leasable units totaling ±4,940 SF — purpose-built for the trades and service businesses that keep the Triangle running. Six garage bays, a converted office building, perimeter fencing, and parking for 35+ vehicles deliver the operational infrastructure that owner-occupants in the market are increasingly hard-pressed to find. Perhaps equally valuable is the property’s generous yard space — with a favorable building-to-land ratio, the fenced surplus acreage provides meaningful capacity for outdoor storage, equipment staging, fleet parking, or contractor laydown, a feature that carries as much operational weight as the buildings themselves for many service-sector buyers. All current leases are short-term, with the longest running through March 2027, offering an owner-occupant a clear path to occupancy while generating interim rental income. For a buyer who prefers a tenanted asset, three of the four current tenants have expressed interest in longer-term renewals — the sellers have simply deferred that conversation to preserve maximum flexibility for incoming ownership. Located minutes from RTP, RDU, I-40, and the Durham Freeway, and offered at $1,385,000, this is a well-located, low-maintenance platform for a growing business ready to plant its flag in one of North Carolina’s tightest and fastest-growing industrial sub-markets.

Investment Highlights

• Three-building industrial flex property totaling ±4,940 SF, including two warehouse/garage buildings with six bays (one of which has been subdivided into two units) and a converted office building.
• Generous 0.74-acre site with a favorable building-to-land ratio — the substantial surplus yard space is fully fenced and well-suited for outdoor storage, equipment staging, fleet parking, or contractor laydown.
• Parking for 35+ vehicles — a meaningful operational asset for service and trades businesses.
• Industrial (I) zoning provides broad permissible use flexibility.