1202 & 1206 Ellis Rd, Durham, NC 27703

1202 & 1206 Ellis Rd | Rezoned Infill Residential Opportunity

Durham • South Durham Growth Corridor

This ±1.25-acre corner assemblage at Ellis Road and Riddle Road is a recently rezoned residential infill site offering proximity to Downtown Durham, RTP, and major employment centers. The site presents a compelling opportunity for builders or investors seeking phased development flexibility rather than a single all-or-nothing entitlement play.

Zoning & Entitlement Status

• Recently rezoned by Durham City Council

• Rezoning supports higher-density residential development

• Density remains the key variable, with final unit count subject to permitting and approvals

Based on prior engineering guidance, duplex construction is feasible, with approvals estimated at approximately 1–2 months per lot. This timeline supports a phased build strategy, rather than requiring full vertical development upfront.

Development Strategy Options

Rather than forcing a single plan, this site supports multiple execution paths:

Option 1 – Duplex / Small-Scale Phased Build

• Duplex (2 units) permitted per phase

• Ability to launch 2 units at a time

• Reduces capital exposure while entitlements continue

• Well-suited for small to mid-sized builders

Option 2 – Small Home / Cottage-Style Concepts

• Buyer may explore smaller-footprint residential concepts

• Aligns with affordability demand and absorption trends

• Potential to optimize yield while managing entitlement risk

Option 3 – Option-to-Purchase-As-You-Go Structure

• Buyer may pursue an option-style acquisition while density approvals are finalized

• Allows capital to follow entitlements rather than precede them

• Particularly attractive for builders balancing pipeline risk

Site Highlights

• Prime corner location at Ellis Rd & Riddle Rd

• Minutes to Downtown Durham and RTP

• Existing infrastructure and surrounding residential density

• Strong access to employment, retail, and services

• Infill location where new supply is limited

Offering Summary

• Sale Price: $825,000

• Land Area: ±1.25 acres

• Market: Durham, NC

• Submarket: South Durham