SOLD: Uzzle Cadillac, Oldsmobile and GMC Truck
in Durham, NC
Durham, NC (10/2012) — A 4.8 acre former automotive dealership property located on Highway 15/501 in Durham has sold for an undisclosed amount.
The property contains an approximately 10,000 square foot main showroom along with almost 30,000 square feet of service bays and offices. With frontage directly facing high-traffic Highway 15/501, the property was a prime candidate for a redevelopment project on this main corridor between Durham and Chapel Hill, North Carolina.
The Sellers were represented by Gary Becker of KW Commercial North Raleigh, and the Buyers were represented by Seth Jernigan of Real Estate Associates.
“Our goal was to find a developer with the vision and resources to redevelop this property to take advantage of the heavy traffic patterns in the South Square area of Durham" said Gary Becker, a Director at KW Commercial.