±0.464-Acre Assemblage Near Downtown Durham
Land | 0.464 acres
Marketing description
SVN | Real Estate Associates, as the exclusive listing agent, is pleased to present for sale 1001-1005 Broad Street in Durham. This ±0.464-acre assemblage comprises three parcels at the corner of Broad and W. Knox Street, offering multiple avenues for redevelopment.
Buyers may choose to reposition the existing structures, build new construction on each lot, or pursue a full-scale redevelopment to maximize density. The owner has conducted a conceptual test-fit for a mixed use office-residential development. A townhouse project has also been studied.
Zoned OI, the site permits office and residential uses but not retail (see zoning chart). Situated in highly desirable Old West Durham, the property offers exceptional walkability to numerous amenities, including Harris Teeter, Whole Foods, a variety of restaurants along Broad and Ninth Streets, Duke University’s East Campus, and more.
Investment highlights
Three separate parcels (±0.154 ac, 0.155 ac, 0.154 ac respectively)
One leased commercial building, residential duplex, and vacant commercial building
Old West Durham/Ninth Street area location
Walkable to two grocery stores, pharmacy, banks, numerous food + beverage establishments, and Duke University East Campus (±0.5 miles)
One mile from downtown Durham, the Durham Freeway (NC-147), I-85, and Duke University/Hospital
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