Land Redevelopment Opportunity Near RTP
Land | 7.8 acres
Marketing description
SVN | REA is pleased to present this ±7.8-acre land parcel in southeast Durham on the edge of Research Triangle Park (RTP). Situated in a rapidly growing corridor, the property sits in close proximity to major transportation routes, including NC-55 (Apex Hwy) and Interstate 40.
The site is located within the floodplain and impacted by riparian buffers. Redevelopment would require significant infill, as existing grades (260–272 ft) fall below the 100-year future floodplain (277.5 ft) and Durham’s required finished floor elevation (279.5 ft).
Any new construction development would likely require rezoning or a variance, neither of which is guaranteed. A Conditional Letter of Map Revision (CLOMR) and no-rise certification would also be required, a process that typically takes 9-12+ months.
POSSIBLE USES: Due to significant floodplain impacts, the site is most suitable for low-intensity or alternative uses. Potential options include conservation, land banking, laydown or fleet storage, agricultural operations, wetland mitigation, or even a private single-family estate with ample buffers.
Investment highlights
Site is adjacent to Alston Oaks, a rezoned ±12.93-acre residential development allowing for 170 units
Utilities available at the frontage and rear (water and sewer)
Majority of the property lies in the Special Flood Hazard Area (Zone AE)
Close proximity to RTP, RDU International Airport, The Streets at Southpoint, downtown Durham, and more
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